WASHINGTON, July 31 The International Monetary
Fund on Thursday signed off on a $154 million loan program for
Georgia, meant to help the ex-Soviet republic shore up its
economy amid greater geopolitical tensions affecting neighboring
The IMF said the approval of the three-year loan program
means Georgia gets an immediate disbursement of about $62
million. The program is meant to help shore up reserves and
address economic vulnerabilities that still remain after the
country's last $386 million IMF loan program from 2012 to 2013.
"Regional geopolitical tensions and potential spillovers
from neighboring countries may affect the prospects for the
economy, especially for trade, remittances and potentially
foreign direct investment," the IMF said in a statement.
(Reporting by Anna Yukhananov; Editing by Meredith Mazzilli)