IMF to loan Georgia $750m

The International Monetary Fund (IMF) looks set to lend Georgia $750m to help rebuild the country in the aftermath of its conflict with Russia.

An IMF mission, in the Georgian capital Tblisi since 23 August, and the Georgian authorities agreed the terms of the loan Wednesday.

"Georgia's strong record of reform and sound macroeconomic policies has strengthened the resilience of the economy and bodes well for a solid recovery from this shock," the Fund said, adding that the main objective of the

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