Macro-economic Challenges in Georgia and the Strengths and Weaknesses of its Emerging Capital Markets
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On May 13, 2016 ISET hosted the head of the IMF in Georgia, Azim Sadikov, who delivered a lecture for participants of ISET’s Finance Course for Professionals. The subject of his lecture was “Macro-economic challenges in Georgia and the strengths and weaknesses of its emerging capital markets”.
During his presentation, Mr. Sadikov discussed existing macroeconomic challenges for Georgia. He emphasized the current account deficit as the most important problem for the Georgian economy, which resulted in one of the highest net foreign liabilities to GDP ratio (136%) in Central and Western Asia. In order to finance this deficit, Georgia borrows from abroad, increasing the NFL of the country. The good news, however, is that this NFL is made up of FDI, which is considered to be a very stable source of funding. Mr. Sadikov then highlighted the importance of FDI in productive labor-intensive sectors, which will ensure production growth and accumulation of incomes from these investments in Georgia.
Admissions Exams: May 14, 2016
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On May 14, 2016 ISET will hold Admissions exams in English and Mathematics. Exams will be held simultaneously in Baku, Tbilisi, and Yerevan.
The Mathematics exam assesses basic mathematical knowledge, thinking, and problem-solving skills. It covers topics from basic algebra, basic mathematics of finance and basic calculus. The exam consists of two separate parts.
The English exam assesses reading comprehension.
Please, click here to see exam details and locations of test centers in Armenia, Azerbaijan and Georgia
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