The revision of the outlooks follows the revision of Ukraine's sovereign outlook to Positive on 6 August 2021, as the ratings of Dnipro, Kyiv, Kharkiv, Lviv, Mariupol, Mykolaiv and Odessa are capped by the sovereign ratings.

BOG is one of the two biggest commercial banks in Georgia and is listed on the London Stock Exchange.

Funds are part of the IMF's "free and unconditional" general allocation of $650 billion for emerging and developing countries.

Commercial banks reported a total net profit of 1.237 billion lari ($399 million) from January to July compared to a loss of 413 million lari in the same period in 2020.

The Central Asian country's economy is state-controlled and the transition towards a market economy is slow relative to other former Soviet states.