National Bank of Georgia Representatives Share Experience at International Financial Education Conference

National Bank of Georgia Representatives Share Experience at International Financial Education Conference

04 October, 2024

The representatives of the National Bank of Georgia (NBG) actively participated in the annual International Conference on Financial Education, where Member of the NBG Board, Teimuraz Khomeriki, along with the Department of Financial Education and Strategic Development, shared their experience. The conference, held this year in Podgorica, Montenegro, focused on the theme "Stakeholder Cooperation for Effective Financial Education," and brought together about 50 representatives from various countries, including experts from Belgium, Sweden, Poland, the USA, Portugal, Peru, Malaysia and others.


The event featured panel discussions on key topics such as financial education for young people, consumer awareness of financial risks, and financial education for vulnerable groups. In his speech, Khomeriki highlighted Georgia’s efforts to spread financial education in regional areas, emphasizing that improving financial literacy is crucial for ensuring the stability and well-being of the country’s financial sector.


Ketevan Akhalkatsi, head of the Financial Education and Strategic Development Department at NBG, presented the bank’s ongoing projects and future plans, with a focus on its educational platform Finedu and interactive projects. Akhalkatsi noted that while significant progress has been made, ongoing cooperation with the financial sector, as well as governmental, non-governmental, local and educational institutions, is essential for continued success.


The conference was organized by the Ministry of Finance of the Netherlands and the OECD’s International Network on Financial Education (OECD/INFE) as part of a technical support project, in collaboration with the Central Bank of Montenegro, Ministry of Finance, Capital Market Regulation Agency and Insurance Supervision Agency. Georgia joined the OECD/INFE technical support project in 2018, and from 2023, the partnership was extended for another five years. This project aims to enhance cooperation among 10 Southeast European countries (Bosnia and Herzegovina, Bulgaria, Moldova, Montenegro, Romania, Armenia, Georgia, Ukraine, North Macedonia, Croatia) and promote financial literacy initiatives globally.


The Organization for Economic Cooperation and Development's "International Network on Financial Education" (OECD/INFE) was established in 2008 with the goal of fostering international cooperation among state organizations involved in financial education and other relevant stakeholders. OECD/INFE serves as a platform for collecting education-related data, conducting analytical and comparative reporting, and supporting research and policy development. The network unites approximately 300 public organizations from over 130 countries.