It was noted that floating exchange rate effective now in Georgia is optimal for country’s long-run economic development goals. 

The representatives of international financing organizations have positively assessed the high independence rate of NBG, which is necessary condition for country’s macroeconomic stability.

“We had an interesting meeting with the governor of NBG, we talked about the state of economy and on the monetary policy. We also discussed forecasts of inflation and economic growth. It was a very constructive conversation. The economic growth forecasts for the recent period are optimistic. We positively assess NBG’s monetary policy. One of the Georgia’s challenges is unemployment rate, which is still high. Competitiveness is important for Georgia and to that end investments must be made and a compelling macroeconomic policy framework created, which will be attractive for foreign investors” – said the executive director of IMF, Menno Snel.

“For many years IMF and World Bank have been our strategic partners. I can say, that our relations are just as they should be in the developed, democratic country. We have long passed the phase when we were given any requirements, because in the recent years, Georgia meets all those target rates, which are set by this or that program. On today’s meeting we talked about the monetary policy and about different reforms implemented in the NBG. We have been given full support and this cooperation will be continued in future” said governor of NBG, Giorgi Kadagidze.