Georgian PM urges Finance Minister to consider decreasing foreign currency lending threshold to 100,000 GEL

Prime Minister Giorgi Gakharia has urged Finance Minister Ivane Matchavariani to consider the possibility of decreasing the foreign currency lending threshold from 200,000 GEL ($67,168.2/€60,687) to 100,000 GEL ($33,584.1/€30,343.5) at the government meeting earlier today.

Up until now loans worth less than 200,000 GEL had to be given in the Georgian lari. 

The biggest challenge and goal of our country in the coming years will be economic growth and the creation of new jobs, said Gakharia.

Gakharia also urged the National Bank of Georgia to actively use all instruments at its disposal to ensure price stability and inflation targeting.

[The government] should work in coordination with the National Bank of Georgia to ensure economic growth, as well as target inflation and price stability," said Gakharia.

Gakharia noted that fiscal policy and fiscal discipline are also important.

A fair, transparent and efficient tax system is a priority for us,” said Gakharia.

Prime Minister Gakharia urged Finance Minister Matchavariani to pay special attention to fiscal policy and the Revenue Service.