The achievements and challenges in the microfinance sector were reviewed on Tuesday by Natia Turnava, the Acting Governor of the National Bank of Georgia and representatives of microfinance institutions, including the Georgian Microfinance Association.
At the meeting, the sides discussed the prospects for future cooperation, as well as the further refinement of the regulatory framework of the sector, the NBG said.
The officials noted the development of the microfinance sector would “significantly improve” the competitiveness of the financial sector of Georgia in general and expressed readiness to cooperate in increasing access to finances, which will contribute to the creation of additional jobs in the country.