Within the framework of the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, the Governor of the National Bank of Georgia (NBG), Natia Turnava, held a meeting with the Governor of the Central Bank of the United Arab Emirates, Khaled Mohamed Balama.

During the meeting, Natia Turnava briefed her counterpart on the key achievements of Georgia’s financial and banking sectors, highlighting the system’s strong liquidity indicators. The parties exchanged views on supervisory approaches and discussed developments in payment infrastructure in their respective countries.

Special attention was given to the ongoing large-scale upgrade of the Real-Time Gross Settlement (RTGS) system by the NBG, which represents a critical component of the country’s financial architecture. The upgrade aims to enhance system efficiency and throughput, enabling faster and more reliable processing of business-to-business (B2B) transactions.

As noted by the NBG Governor, the Bank actively supports the development of innovative payment services, including the advancement of the Instant Payment System (IPS).

The discussion also covered the evolution of financial technologies and virtual asset services in Georgia, along with the regulatory steps undertaken by the NBG in this area.

The meeting concluded with a discussion on prospects for future cooperation between the two central banks, aimed at fostering the exchange of information, knowledge, and best practices.

The meeting was also attended by NBG Vice Governors Ekaterine Galdava and Nino Jeladze.