European, Georgian central banks meet as country submits first Economic Reform Programme as EU candidate
Georgia submitted its first annual Economic Reform Programme to the European Commission after obtaining the status of a European Union membership candidate country. Photo: Nino Alavidze/Agenda.ge
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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.
The National Bank said on Thursday the virtual meeting involved Natia Turnava, its Acting Governor, and heads of its departments with the ECB to discuss “general macroeconomic environment, monetary and exchange rate policy, financial stability and banking supervision reforms” aimed at aligning domestic structures with EU practices.
We are pleased that Georgia, as a European candidate country, is included in the ERP exercise for the first time this year. During the meeting with the ECB Delegation, we highlighted Georgia's sustainable macroeconomic policy and provided an overview of our monetary policy framework, current tasks, efforts to promote financial stability, as well as challenges and solutions”, Turnava said.
The Acting Governor also called the meeting “productive”, and added she was “looking forward to continuing related bilateral discussions”.
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”.
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.
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.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday said access to diverse investment resources and innovative financial products could benefit the domestic private sector, in an event organised by the Financial Innovation Programme of the United States Agency for International Development.
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.
Georgia’s Finance Ministry on Saturday hosted a meeting with experts of the European Commission, discussing the reforms envisaged by the Economic Reform Programme for the years 2024-2026.
The National Bank of Georgia on Wednesday hosted the fifth edition of the Sustainable Finance Forum, attracting over 200 attendees from 15 countries worldwide.