Georgian finance minister resigns

Georgia's finance minister has resigned, saying he is unable to fulfil his pledge to pull the impoverished ex-Soviet state out of its long-term crisis.

    Residents in Tiblisi debate the future of their crisis-hit country

    "I am unable to make good on my promises to the people to take the country out of crisis," Mirian Gogiashvili told reporters on Tuesday after meeting interim President Nino Burdzhanadze. 

    "I believe it is time to make way for new leaders."

    Gogiashvili said Georgia was running a budget deficit of 255 million lari ($115 million).

    Georgia's foreign debt stands at $1.75 billion.

    The average salary is just $20 a month and Georgia's new leaders are keen to attract foreign aid and investment to help the country out of its plight.

    "We have to negotiate with those financial organisations like the International Monetary Fund (IMF), World Bank and also the European Union whose programmes were stopped under the previous government," said Roman Gotsiridze, head of parliament's budgetary office and a prominent economist on Monday.

    The minister's resignation comes after a tumultous week in the Caucasian state after a determined opposition forced veteran President Eduard Shevardnadze to resign on Sunday.

    Shevardnadze's fall came after three weeks of demonstrations against widely-criticised elections.

    SOURCE: Reuters


    YOU MIGHT ALSO LIKE

    Still Here: A story of incarceration and gentrification in the US

    Still Here: A story of incarceration and gentrification in the US

    Many formerly imprisoned women of colour return to neighbourhoods transformed beyond recognition. What awaits them?

    The 'risky business' of tracking Rwandan fugitive Felicien Kabuga

    The 'risky business' of tracking Rwandan fugitive Felicien Kabuga

    The former chief prosecutor at the International Criminal Tribunal for Rwanda discusses the hunt for genocide suspects.

    Doctors race to understand new illness afflicting children

    Doctors race to understand new illness afflicting children

    More and more cases of a Kawasaki-like disease, called PMIS or MIS-C, reported among children exposed to coronavirus.