A summary meeting and joint briefing were held at the National Bank of Georgia's headquarters in connection with the conclusion of the IMF's 2025 Article IV consultation mission.

From May 21, 2025, to June 4, 2025, the IMF mission, led by Alejandro Hajdenberg, conducted consultations with Georgia as part of the 2025 Article IV review.

After the IMF mission's summary meeting, statements were made by Natia Turnava, Governor of the National Bank of Georgia, Lasha Khutsishvili, Minister of Finance, and Alejandro Hajdenberg, the IMF Mission Chief.

According to Natia Turnava, as highlighted in the IMF’s conclusions, maintaining well-anchored inflation expectations remains a key priority for the National Bank of Georgia.

“As you are aware, the primary mandate of the NBG is to maintain price stability and to ensure and promote financial stability,” noted Natia Turnava. “In this regard, we received quite positive assessments. However, there are still certain risks and challenges that we will continue to address and work to strengthen. According to the IMF’s forecast, average inflation is expected to remain at 3.4% this year and return to its target level by 2026.”

The NBG Governor focused on price stability. According to her assessment, the NBG's monetary policy ensures price stability.

According to her, it is both welcome and noteworthy that the IMF's conclusions highlight the National Bank of Georgia’s efforts in promoting larization.

The IMF's concluding statement of the 2025 Article IV mission notes that the appointment of the Governor of the National Bank of Georgia and filling the vacant positions on the NBG Board is a welcome first step.

The IMF also notes that strengthening the governance and independence of the NBG remains central to macroeconomic stability. According to their conclusion, strong economic activity has been maintained. Despite very high uncertainty, the risks to the economic outlook appear broadly balanced.

"The NBG should maintain a broadly neutral policy stance while remaining flexible and data driven to ensure inflation expectations remain anchored. Exchange rate flexibility, opportunistic reserve accumulation, and monetary policy communication should be enhanced. Continued vigilance and reforms will help address long-standing and emerging financial sector risks,” the IMF's concluding statement of the 2025 Article IV mission read.

In his speech, Lasha Khutsishvili, the Minister of Finance of Georgia, emphasized the importance of the country’s partnership with the Fund amid current challenges and reviewed key economic indicators.

“In close cooperation with the Fund, we continuously monitor economic trends and respond accordingly through fiscal and monetary policy,” noted Lasha Khutsishvili. “It is significant that we have reached agreement with the International Monetary Fund on virtually all major fiscal and macroeconomic parameters. The Fund’s assessments align closely with the forecasts presented by the Ministry of Finance and the Government of Georgia. Economic growth has been revised upward from the previous estimate of 6% to 7.2%. As for inflation, the policies and projections outlined by the NBG are consistent with the IMF’s assessments.”

Natia Turnava thanked the members of the IMF mission for their cooperation.

“I would like to thank the IMF mission representatives and all involved parties for their constructive discussions and cooperation,” she said.