Bank of Georgia Financial Overview
FDIS and Donor assistance
Liberal regulatory environment for foreign businesses, resulting in FDI
averaging at 16% of GDP during past three years, with cumulative FDI (2004
-2009) in country reaching 60.5% of GDP as of YE 2009.
Unequivocal support from the West and IFIs with total financial pledge
through 2011 of US$4.5 bln (42% of 2009 GDP). Approximately one third of
the package is earmarked for financial sector. By end of FY 2010, cumulative
donor commitment to Georgia under the Brussels pledge will total circa
US$4.2 billion, with possibility of further upward adjustment. As of YE 2009,
US$ 1.4 billion was disbursed
In addition:
Approved access to US$1.2 bln under SBA by IMF until 2011
U.S. Committed US$ 124 mln investment in energy infrastructure
development (February 2010)
US$70 million from ADB for infrastructure repairs
Net remittances
US$ mln
1000
FX reserves
2,500
2,000
1,500
1,000
0.8
Fxreserves
0.8
0.8
1.1
1.0
1.3
FX/M2
1.8
1.7
18
1.5
1.6
US$ 2.11 bn
US$0.93 bn
US$1.48 bn
US$0.49 bn
US$ 1.36 bn
500
US$0.38 bn
US$0.19 bn
1.4
1.2
US$ 2,20 bn
1.0
10
0.8
0.6
0.4
0.2
0.0
00
2003
2004
2005
2006
2007
2008
2009
Sep-10
FDI Inflows
9%
8.4%
US$ mln
3,000
25.0%
900
800
700
5.4%
600
4.9%
4.2%
500
400
300
200
420.5
315.4
100
212.7
0
2004A
2005A
2006A
Net remittances (LHS)
Source: National Statistics Office of Georgia
Labkon
BANK OF GEORGIA
www.bog.ge/ir
7.4%
7.2%
7.2%
8%
2,500
7%
6%
2,000
19.8%
20.0%
942.0
276.2
15.3%
15.0%
917.9
755.4
766.5
5%
1.500
950.0
4%
261.7
12.2%
1,092.6
10.0%
658.0
3%
1,000
7.0%
2,015.0
9.4%
1,564.0
7.7%
2%
160.3
500
176.7
1,190.0
6.1%
5.0%
870
1%
658.0
483.0
450.0
0%
0
0.0%
2007A
2008 A
2009
2010F
2004
2005
2006
2007
2008
2009
2010F
-Net remittances as % of GDP (RHS)
Net FDI
Donor inflows
Net FDI as % of GDP
Source: Government of Georgia presentation
November 2010
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