• Georgian authorities have mobilized US$ 3.0bn financing from IMF and other international partners to respond effectively to COVID-19 pandemic associated economic crisis. Out of this funding, US$ 1.5bn is earmarked for public sector and US$ 1.5bn for private sector. Based on IMF statement about US$ 200mn will be made available immediately to the budget. Considering this support, we estimate that stimulus in 2020 will be substantial at 11-15% of GDP, which will help to finance health and macroeconomic stabilization measures. We will provide detailed update on Georgia’s economic outlook shortly.