Acting National Bank Governor, EBRD officials discuss cooperation
The leading role of the EBRD in the development of the financial sector of Georgia was also particularly emphasised, with Turnava highlighting the successful cooperation with the EBRD Treasury Department, which is involved in financing the Bank’s projects. Photo via NBG
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The long-term cooperation was discussed on Wednesday by Natia Turnava, the Acting Governor of the National Bank of Georgia and Francis Malige, the Managing Director of Financial Institutions for the European Bank for Reconstruction and Development, as well as members of the EBRD’s Board of Directors.
The officials also reviewed current and future projects and the achieved results at the meeting, which was also attended by Alkis Drakinos, the Regional Head of the Caucasus for EBRD, the NBG said.
The leading role of the EBRD in the development of the financial sector of Georgia was also particularly emphasised, with Turnava highlighting the successful cooperation with the EBRD Treasury Department, which is involved in financing the Bank’s projects.
Turnava noted Georgia and the NBG had shared their experience with the EBRD member countries within the framework of the project, implemented as part of the cooperation with the EBRD Treasury, and stressed Georgia had “set an example in these [EBRD member] countries”.
In his turn, Malige expressed the bank’s readiness to continue to support important reforms in the Georgian financial sector and provide technical assistance.
Ongoing and future projects financed by the EBRD in Georgia were discussed on Wednesday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Jürgen Rigterink, the visiting First Vice President of the European Bank for Reconstruction and Development.
The European Bank for Reconstruction and Development has allocated €19 million for better waste management and disposal in western Georgia’s Black Sea region of Adjara, the Bank said on Monday.
Georgian Prime Minister Irakli Garibashvili and the members of the board of directors of the European Bank for Reconstruction and Development on Thursday discussed the successful cooperation and important ongoing projects in private and public sectors implemented with the support of the Bank.
An annual report by the European Bank for Reconstruction and Development on Monday said the institution had offered a total of €218 million to Georgia in 2022, with investments ranging from healthcare to energy efficiency and from financing for small and medium-sized enterprises to credit lines to local banks and trade.
The Monetary Policy and Financial Stability committees of the National Bank of Georgia met on Wednesday to discuss mitigating impacts of international financial circumstances on the domestic economy.
Customers of commercial banks, microbanks, registered payment service providers and microfinance organisations operating in Georgia will be able to file complaints on services or violations with the Dispute Resolution Commission of the National Bank of Georgia, with the body set to launch its operations on December 1.