National Bank of Georgia hosts auditors of 12 central banks as part of int’l seminar
The National Bank of Georgia on Monday hosted internal auditors of 12 central banks of different countries as part of an international seminar for internal auditors to share its experience. Photo: NBG
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The National Bank of Georgia on Monday hosted internal auditors of 12 central banks of different countries as part of an international seminar for internal auditors to share its experience.
The seminar is very important to share our experience with colleagues from different countries around the world, because internal audit and its proper functioning are important for the transparency and risk reinsurance of any central bank”, Natia Turnava, the Acting Governor of the NBG, said.
Robert Cornelisse, an expert of the Central Bank of the Netherlands, said this year’s seminar was “quite successful”. The Netherlands central bank has been supporting the annual seminar for five years.
This seminar is about governance, which usually deals with processes, organisational culture, behaviour of people within the organisation. It is essential that the strategy and mandate of an organisation are implemented well. Officially, the management is responsible for running the organisation, and therefore the role of internal units is quite important for its proper functioning and transparency”, he said.
In order to promote the development of the internal audit profession in Georgia, the NBG invited representatives of the internal audit offices of commercial banks and ministries of Georgia to the event.
Natia Turnava, the Acting President of the National Bank of Georgia, on Thursday hosted Arturo Bris, a representative of the International Institute for Management Development, an organisation that publishes the World Competitiveness Index, for a discussion on the possibility of including the country in the ranking.
The World Bank on Tuesday said Georgia had advanced “ambitious” second-generation reforms aimed at boosting private sector development and enhancing financial inclusion thanks to the institution’s €4 million Georgia Financial Inclusion and Accountability project.
Georgian Parliament Speaker Shalva Papuashvili on Monday called on the country’s State Audit Office to look into income sources of several opposition groups, claiming they were setting up “fake organisations” and attracting foreign donations “illegally” for their political goals.
The World Bank’s assessment of Georgia’s logistics capabilities has jumped from 119th to 79th position in its latest Logistics Performance Index, marking an improvement of 40 spots in the report assessing countries’ ability to move goods across borders with speed and reliability.
Natia Turnava, the Acting Governor of the National Bank of Georgia, will join managers of the International Monetary Fund and the World Bank as well as economic teams from more than 200 countries to participate in the annual meetings in Marrakesh, Morocco between Wednesday and Saturday.