Koba Gvenetadze took part in the high-level conference of the International Monetary Fund
Today, a high-ranking conference was run by the International Monetary Fund. The event has been held annually since 2014 and is hosted alternately by the central banks of the Netherlands and Belgium. This year, the conference was run by The National Bank of Belgium.
The governors and high-level officials of Central Banks of Andorra, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Israel, Luxembourg, Moldova, Montenegro, the Netherlands, Northern Macedonia, Armenia, Romania, Ukraine and Georgia took part in the conference.
The main topic of this year's conference was the rule of law in the EU: the current situation and its impact on candidate and neighboring countries.
The Governor of the National Bank of Georgia, Koba Gvenetadze, shared the experience in protecting the principles of rule of law in the financial sector of Georgia under the Association Agreement, with the conference participants.
"Legal certainty, which is the leading point of the rule of law, is a precondition for the proper functioning of the financial system. We have to mention the attitude of the Central Bank of Europe, which emphasizes the importance of legal certainty. It is a fundamental part of the rule of law, which guarantees people to plan their actions, foresee the expected legal results and set up reliable expectations based on the law- this is a prerequisite for the economic stability", - said Koba Gvenetadze.