Acting National Bank Governor: Georgia exploring opportunities for regional finance cooperation
Natia Turnava, the Acting Governor of the NBG, said Georgia was “continuously strengthening” its financial technology sector and exploring opportunities for regional cooperation in the area. Photo: NBG
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Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday told the Central Asian Regional Economic Cooperation Programme meeting in the capital city of Tbilisi, the country was “continuously strengthening” its financial technology sector and exploring opportunities for regional cooperation in the area.
Turnava said hosting the event in Tbilisi had confirmed the “strong partnership” between the country and the Asian Development Bank and highlighted the importance of financial technology for regional cooperation.
In comments at the meeting, she highlighted Georgia’s “vital role in connecting the East and the West” through trade, as well as in “promoting knowledge, strengthening cultural, economic, and technological ties”.
Today, Georgia continues to be an important axis for trade, energy, digital, transport, financial, and logistics services in the Middle Corridor [a route connecting Central Asia and Europe]”, she said.
The Acting Governor also mentioned the Government was working on ensuring compliance with the European Union's payment infrastructure, regulatory framework and banking legislation systems to “sustain this function”.
She said fintech development in CAREC countries was a “common task” and a “common good”.
Cooperation between fintech regulators and stakeholders can significantly contribute to integrating financial systems, interconnecting regional payment and settlement systems that further support trade, and improve global financial integrity”, Turnava said.
The official also highlighted “significant measures” taken by the central bank in recent years to become a “leading institution” in the wider region with “advanced” technologies and a “robust” financial system.
Georgian Economy Minister Levan Davitashvili on Wednesday led a working meeting of the Central Asian Regional Economic Cooperation Programme in the capital city of Tbilisi that was focused on the development of financial technology in the region.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday said the promotion of innovations in the financial sector was “one of the primary tasks” of the NBG, in her address at the Sturgeon Capital’s Georgia Investor Summit.
Georgian Economy Minister Levan Davitashvili on Friday said the Government would continue to support of technology and innovation sector due to its importance for a “transformation” of the economy.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday said Georgia had “all the prerequisites” to develop as a regional hub for financial technology in the Middle Corridor, a logistics route connecting China with Europe through the South Caucasus region.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Friday told the Parliament the Bank was “actively promoting” establishment of “responsible lending principles” in the domestic market to protect consumers from “excessive debts”.
Officials of the European Central Bank and the National Bank of Georgia have held a remote meeting after Georgia submitted its first annual Economic Reform Programme to the European Commission after obtaining the status of a European Union membership candidate country.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Friday highlighted investments as the main driving force of economic growth in Georgia's "healthy" macroeconomic environment with "increased" economic potential.
The National Bank of Georgia on Wednesday hosted the fifth edition of the Sustainable Finance Forum, attracting over 200 attendees from 15 countries worldwide.