Acting National Bank Governor reviews monetary policy, financial stability with IMF mission

Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday met with a mission from the International Monetary Fund visiting Georgia to discuss the domestic monetary policy and financial stability.

The meeting included discussions between the mission and senior officials from the National Bank, including vice-governors Ekaterine Mikabadze and Ekaterine Galdava.

The NBG management provided the mission with information on key macroeconomic trends, reviews of monetary policy, and financial stability”, Bank said.

The mission officials also met the Georgian Finance Minister Lasha Khutsishvili earlier today, where he highlighted the current trend of budget execution and midterm domestic projections.

• Finance Minister meets IMF Mission, discusses macroeconomic position, fiscal, monetary policies

The meeting with Khutsishvili noted the post-pandemic macroeconomic parameters of Georgia were an “evidence” of “resilience” of the domestic system, while fiscal parameters had returned to benchmark indicators.

In parallel with support demonstrated to reforms and capital expenditure projects, work will progress towards further improving and perfecting mid- and long-term analysis, forecasting and planning instruments”, the Ministry said.

The meeting also highlighted the importance of the European Union membership candidate status, granted to Georgia in December, and the role of the status in the agenda of reform of management of public funds.

The mission is visiting Georgia as part of periodic consultations aimed at assessing Georgia's macroeconomic situation, fiscal and monetary policies.