THE ROLE OF INTERNATIONAL FINANCIAL ORGANIZATIONS IN STIMULATING THE ECONOMY

The role of international financial institutions is recognized in the modern world and even today the global world depends on the finances of financial organizations, because they play a major role in the accumulation, availability and distribution of finance, and some international financial organizations help publicly And has become an essential aid component at the modern stage, especially during the Kovid-19 pandemic and the Russia-Ukraine conflict. International financial organizations are often cited as the world's most powerful agents of economic reform (Halliday and Carruthers, 2007:1135-1202). The role of international financial organizations is also special for Georgia, it can be said for developing countries in general, of course developed countries are not excluded, but access to finance and technical assistance is often needed by poor, transition or developing economies. Debt management and services remain a challenge when financing international organizations, as the existence of public debt has historically been problematic, and the IMF has repeatedly called on states to maintain adequate levels of debt. However, it should be noted that the IMF at the present stage pursues a policy of relatively open governance and takes into account the characteristics of states in their monetary policy, because in the light of the crises of recent years, the Fund was not open to such governance. t should be said about the practice of Georgia, Georgia does not have a bad practice in terms of debt management, however, the debt volume as of 2021 is within 52% of GDP At the same time, it remains a challenge for Georgia to effectively implement projects financed by international financial organizations on time, because it is difficult to talk about the effectiveness of projects delayed over time. At the same time, it is important for Georgia to receive more loans from such organizations to finance more infrastructure and necessary economic projects.