Natia Turnava, Governor of the National Bank of Georgia (NBG), participated in a high-level international conference co-organized by the Central Bank of Armenia and the Reinventing Bretton Woods Committee (RBWC).
During the event, Governor Turnava delivered an address at the panel discussion titled, "Challenges Facing Central Banks in an Increasingly Fragmented International Monetary System." The panelists deliberated on key strategic issues, including central bank independence, contemporary challenges in inflation management, and the broader implications of geopolitical risks and escalating global uncertainty on monetary policy execution.

In her remarks, the NBG Governor highlighted Georgia's recent success in sustaining both robust economic growth and price stability amidst a volatile global environment.

"Over recent years, Georgia has successfully maintained price stability alongside high economic growth. This achievement is underpinned by the NBG's prudent and forward-looking monetary policy, coupled with a responsible fiscal policy. It is precisely this level of coordination that establishes the foundation for macroeconomic stability, sustainable economic expansion, and the reinforcement of investor confidence," stated Governor Turnava.

Furthermore, Governor Turnava emphasized the NBG's strategic shift toward a scenario-based approach in the implementation of its monetary policy. This framework significantly enhances the predictability and transparency of the Bank's decision-making process while providing a more robust mechanism for risk assessment.

The panel discussion also placed a strong emphasis on modern inflationary pressures. Participants noted the growing complexity of the central banking landscape, emphasizing that institutions must increasingly navigate multifaceted shocks that simultaneously impact both the supply and demand sides of the economy.

The international conference hosted by the Reinventing Bretton Woods Committee brought together a distinguished group of global financial leaders, including central bank governors, representatives from the International Monetary Fund (IMF), the World Bank, and other prominent international financial institutions, alongside leading academic experts and researchers from top global institutions.