The 8th session of the Financial Education National Strategy Management Committee was recently held at the National Bank of Georgia, chaired by Natia Turnava, Acting Governor of the National Bank of Georgia. In her speech, she thanked member organizations for their support of financial education projects, emphasizing its importance for both the country's financial stability and individual organizations. She highlighted the need for joint involvement and the participation of various stakeholders in this direction.

During the meeting, Ketevan Akhalkatsi, the head of the Financial Education and Strategic Development Department, presented a summary of the 2023 activities implemented in collaboration with members in the field of financial education. The committee members approved the 2023 action plan implementation and discussed plans, priorities, existing challenges, and opportunities for 2024.

The meeting was attended by members of the Financial Education National Strategy Management Committee from public, civil, educational, and private commercial sectors, as well as non-member stakeholders from commercial banks. The work process of planning and implementing 2024 activities and projects will continue in working groups organized by the NBG, according to the priorities and orientation agreed by the committee members. The composition of the committee will be updated according to the new 2024 action plan.

To enhance financial education in the country, the NBG approved the initial version of the National Strategy of Financial Education in 2016. In 2023, considering the experience and challenges faced in Georgia, an updated version of this document was adopted. This document serves as a foundational recommendation for any party interested in promoting financial education. It outlines priority directions and tasks, encourages cooperation among interested parties in a more practical manner, and enhances access to financial education by targeting all groups. It achieves this through tailored activities and ensuring the sustainability and continuity of these efforts. To implement the strategy, the National Bank of Georgia initiated the formation of a management committee for the national strategy of financial education. This committee includes stakeholders from the public, private, and civil sectors. The committee convenes at least once a year to develop approaches and recommendations related to the development and execution of the national financial education strategy, as well as to provide support for its implementation.