The National Bank of Georgia is publishing the 2024 edition of its 2023-2025 Supervisory Strategy to enhance transparency regarding its completed and planned activities.

The 2024 edition of the supervisory strategy focuses primarily on the action plan for achieving supervisory priorities, including specific activities and their timelines. It also includes a report on the implementation of the Supervisory Strategy in 2023.

Experience from previous years has shown that the supervisory strategy document serves as an important reference document for both the National Bank and financial sector representatives. It supports effective planning within the National Bank, provides a clear vision for employees, and increases predictability for the sector regarding future initiatives. Moreover, it ensures the accessibility of information on supervisory priorities and plans to investors, international financial institutions, rating agencies, the public, and other stakeholders.

The 2023-2025 Supervisory Strategy document was published last year. It was developed with the active involvement of the private and civil sectors. The document outlines the National Bank's supervisory priorities and the planned activities within these priorities.

As noted in the 2023-2025 Supervisory Strategy, the National Bank's supervisory priorities remain unchanged for three years. Accordingly, the bank continues to conduct its supervisory activities based on the following five priorities:

• Improvement of financial sector risk management framework and proactive response to outcomes
• Promotion of competition in the financial sector
• Promotion of financial innovation and development of supervisory Technologies
• Approximation to international standards
• Strengthening the supervisory function of the National Bank and increasing transparency

The 2024 edition of the 2023-2025 Supervisory Strategy document can be found on the National Bank's website.