The Governor of the National Bank of Georgia (NBG), Natia Turnava, held a meeting with representatives of the International Monetary Fund’s Technical Assistance Mission, including Meguy Kuete Ngounging, Richard Comotto, and Istvan Veres.

The discussions focused on the further development of the NBG’s monetary operations framework. Particular attention was paid to enhancing the collateral framework used in liquidity management operations and strengthening the management of associated risks. The parties also reviewed steps aimed at improving liquidity in the GEL money and Treasury securities markets and increasing the effectiveness of the monetary policy transmission mechanism, especially through the development of the repo market.

It is noteworthy that the IMF Technical Assistance Mission has been conducting intensive and productive meetings since February 18 of this year with various departments of the National Bank of Georgia, as well as with representatives of the Ministries of Economy and Finance, the Pension Agency, and the treasury departments of leading commercial banks.

The Governor of the National Bank of Georgia, Natia Turnava, expressed her appreciation to the International Monetary Fund mission for its technical assistance and continued support. She underscored that close cooperation with the IMF remains a key priority for the NBG, particularly in advancing the monetary operations framework and further enhancing the resilience of the financial system. The Governor also noted that, upon receiving the mission’s recommendations, the NBG will work in close coordination with relevant stakeholders to establish clear priorities and formulate a structured and coherent action plan for their effective implementation.

The meeting was also attended by the First Vice Governor of the National Bank of Georgia, Ekaterine Mikabadze, along with heads of various departments of the Bank.