Recession Global

The International Monetary Fund increased its loan to Georgia 423 million dollars, according to a press release the organization. Of these, Georgia immediately receive 148.4 millionAccording to the fund, the total amount of credit Tbilisi rose to 1.17 billion dollars. The term of the program to return the loan, it was decided to extend for 15 months - until June 2011. Money issued under 5%, passes Newsru.Specialists of the organization reported that the economic impact of the crisis will be felt in Georgia and in 2010, despite a slight recovery in the economy (Fund Tbilisi said a successful transition to a more flexible exchange rate). In these circumstances, the IMF considers necessary to support the financial policies of the Government of Georgia and to provide it with additional funds, states the report.The IMF agreed to provide Georgia "crisis" credit in September 2008. This loan was given, and Ukraine, which Kiev in July this year was 3.3 billion dollars.