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IMF reaches preliminary agreement with Georgia to release $30 mln

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IMF reaches preliminary agreement with Georgia to release  mln


WASHINGTON, Nov 7 (Reuters) – The Worldwide Financial Fund on Monday stated it had reached an settlement with Georgia that can enable for the disbursement of $30 million as soon as it’s accredited by the worldwide lender’s govt board.

IMF employees met with Georgian authorities in Tbilisi from Oct. 26 to Nov. 7 and agreed on insurance policies to finish the primary overview of Georgia’s Stand-By Association, the IMF stated in a press release. The board is predicted to overview the deal in December.

Georgia has a three-year $289 million stand-by association with the IMF and the $30 million is the primary disbursement.

IMF mission chief James John stated the Georgian economic system had carried out strongly in 2022, with Russia’s struggle in Ukraine having much less hostile impacts than anticipated.

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Georgia was anticipated to publish progress of 10% in 2022, down barely from 10.4% in 2021, however effectively above the three% price forecast after the beginning of the struggle, he stated. Inflation is estimated to succeed in 10.5% this yr, however each progress and inflation have been anticipated to gradual in 2023.

John stated buoyant tourism revenues, a surge in immigration and monetary inflows triggered by the struggle, and an increase in transit commerce by way of Georgia had boosted financial output and lifted fiscal revenues.

Given excessive uncertainty together with concerning international financial and monetary developments, he stated Georgian authorities ought to stay firmly centered on sustaining macroeconomic stability and persevering with structural reforms.

“Fiscal coverage has been rightly centered on constructing buffers and managing dangers. The authorities are saving a part of the income windfall and can obtain a considerably decrease deficit in 2022 than anticipated when the SBA was accredited in June,” John stated. Additional fiscal changes are deliberate in 2023.

Reporting by Andrea Shalal; Modifying by Edwina Gibbs

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Our Requirements: The Thomson Reuters Belief Rules.



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Georgia

Talent pipeline between Georgia Bulldogs and Detroit Lions overflows in 2025 NFL Draft

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Talent pipeline between Georgia Bulldogs and Detroit Lions overflows in 2025 NFL Draft


Tate Ratledge, Dan Jackson and Dominic Lovett all share something in common. They were Georgia Bulldogs and now they’re Detroit Lions.

But it goes deeper than that — all three 2025 NFL Draft picks approach the game with the same tenacious attitude.

They’re intense, ferocious, resilient and, most of all, gritty — just like the team they’re joining.

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“Never going to quit,” Lovett, a slot receiver, said. “Never gonna give up until the clock strikes zero. We just really got that ‘dog’ mindset and really just want to compete every play, day in and day out.”

That relentless spirit was cultivated at one of college football’s premier programs, which has suddenly become a go-to talent source for this revived NFL franchise. Lions general manager Brad Holmes has developed an affinity for the SEC stronghold, which is seen as the closest facsimile to the Alabama juggernaut that Nick Saban lorded over until his retirement in January 2024.

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There is a reason for that; Saban’s one-time protégé, Kirby Smart, runs the Georgia machine. He has powered it to two national championships this decade and made it a hotbed for NFL prospects. In Athens, Holmes sees a lot of what he once saw during his visits to Tuscaloosa.

“The physicality. The detail. The tempo … the energy,” he said.

It was all right there before his eyes as he watched Smart’s team train, just as it was evident when he observed Saban leading his rugged Alabama squads through drills.

The players who endure that kind of grueling regimen are “ready,” as Holmes put it, to play on Sundays.

Lovett, a seventh-round pick, can attest to that.

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He said the experience during his two seasons at Georgia (after transferring from Missouri) hardened him. He called it a “grind,” where fortitude and camaraderie were forged in practices he described as “hard.”

“I feel like what you go through at Georgia will ultimately help you for the next level,” he said.

It should make for a seamless transition to the Lions, a franchise that, under coach Dan Campbell, has fostered a culture that parallels the one Smart has developed over his nine-plus years at Georgia.

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“I see a lot of similarities,” said Ratledge, a mauler of a right guard who was taken in the second round following a five-year stint in Athens. “As far as what coach Smart and what coach Campbell believe in, I think they’re right (in) line with each other. I think they both believe in physical football players, tough football players, smart football players, and I think they both have a lot of those on their teams.”

But until this weekend, the pipeline between Smart’s Bulldogs and Campbell’s Lions wasn’t active. Holmes instead spent the past three seasons tapping Alabama for its best and brightest. In 2022, he drafted the Crimson Tide’s star receiver, Jameson Williams, with the 12th overall pick. A year later, he made an aggressive move to take their electrifying running back, Jahmyr Gibbs, in that same slot before selecting Alabama’s dependable defensive back, Brian Branch, in the ensuing round. Then, last April, he traded up to snatch Tide cover man Terrion Arnold.

But the budding stars Saban coached and developed will soon start to phase out, which is why Holmes has Georgia on his mind as the next best place to go get quality football players. That makes perfect sense to Jackson, a safety and a former walk-on who was plucked by Detroit in the seventh round.

“Georgia has really shaped me,” Jackson said, “into the player I am today.”

In essence, his college program made him, Ratledge and Lovett fits for the Lions.

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Speaking of Georgia, Holmes said, “I think the proof’s in the pudding in terms of what they put out.”

And now the Lions have made sure to get their hands on some of it.

Contact Rainer Sabin at rsabin@freepress.com. Follow him @RainerSabin on X





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Vikings Draft Georgia Defensive Lineman Tyrion Ingram-Dawkins with 139th Pick of 2025

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Vikings Draft Georgia Defensive Lineman Tyrion Ingram-Dawkins with 139th Pick of 2025


EAGAN, Minn. — The Vikings on Saturday added to their defensive front by selecting former Georgia defensive lineman Tyrion (pronounced TY-ree-ahn) Ingram-Dawkins with the 139th overall pick of the 2025 NFL Draft.

Ingram-Dawkins joins Minnesota after appearing in 37 games (10 starts) for the Bulldogs from 2021-24. He totaled 37 tackles, 12.5 tackles for loss, 4.0 sacks, three pass breakups, seven QB hits, two forced fumbles and one fumble recovery.



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Former Georgia, Arizona State quarterback Jaden Rashada heading to Sacramento State

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Former Georgia, Arizona State quarterback Jaden Rashada heading to Sacramento State


SACRAMENTO, Calif. (AP) — Former Georgia and Arizona State quarterback Jaden Rashada is heading to Sacramento State.

The well-traveled Rashada announced his latest destination on Instagram Friday.

Rashada did not appear in any games for the Bulldogs after spending his freshman season at Arizona State. He started three games for the Sun Devils, throwing for 485 yards and four touchdowns with three interceptions before suffering a season-ending knee injury.

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Rashada initially agreed to play at Miami coming out of Pittsburg High School in California, but signed a letter of intent to play at Florida. He didn’t play for the Gators and later sued coach Billy Napier and the program’s top booster over a failed name, image and likeness deal worth nearly $14 million.

Rashada has three years of eligibility left.

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