Former Georgian Economy Minister elected central bank board member
During a hearing at the Parliament on Monday, the former Minister said the Board of the Bank needed to become “more effective” and had to “take more responsibility” for the stability of macroeconomic, monetary and financial sectors in the country. Photo: Georgian Parliament
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Natia Turnava, the former Georgian Economy Minister, has been elected to the Board of the National Bank of Georgia following a vote in the Parliament, the country’s legislative body announced on Tuesday.
With 80 votes in favour and nine against her candidacy, Turnava has been elected as a board member for a term of seven years. She was nominated by Georgian President Salome Zourabichvili.
During a hearing at the Parliament on Monday, the former Minister said the Board of the Bank needed to become “more effective” and had to “take more responsibility” for the stability of macroeconomic, monetary and financial sectors in the country.
Composed of nine members, the Board has members elected to all but one position following Turnava’s election.
Holding the post of the Economy Minister between April 2019 and February 2022, Turnava was replaced by Levan Davitashvili, who used to serve as the country’s Agriculture Minister.
Minister of Environmental Protection and Agriculture of Georgia Levan Davitashvili has replaced economy minister Natia Turnava, with the reshuffle announced by prime minister Irakli Garibashvili at today’s government meeting.
The inflation rate in Georgia will return to 3% by the end of 2022, Economy Minister Natia Turnava stated earlier today, noting that high inflation is ‘one of the most important issues’ the Georgian population currently faces.
Georgian Economy Minister Natia Turnava has spoke at a meeting of delegations from Georgia, Azerbaijan, Turkey and Kazakhstan, held within the Ministerial of Transport in Turkey today and drew attention to the progress made in making the Trans-Caspian East-West Middle Corridor operational and Georgia's role as a regional transport hub in it.
What does it include?
Georgian Economy Minister Natia Turnava has presented a 10-year economic development strategy which covers 12 major areas, ranging from small business empowerment, investment attraction, to specific development policies and quantitative indicators in each key area that the country should achieve by 2025 and 2030.