NBG Governor Koba Gvenetadze was pleased to welcome US Ambassador Kelly C. Degnan at the NBG Headquarters today.

 

The meeting focused on the impact of the ongoing war in Ukraine on the global financial system and challenges in the region. Koba Gvenetadze underscored the importance of the IMF’s new Stand-by Arrangement, which will help maintain and strengthen the macroeconomic stability of Georgia.

 

The discussion at the meeting touched upon the actions of the National Bank of Georgia, as well as the specific NBG actions directed towards complying with the sanctions imposed by the USA on the Russian financial sector following Russia’s invasion of Ukraine.

 

 

"The meeting with Her Excellency the US ambassador is extremely important, as the US remains a loyal supporter and partner for Georgia. It is with the involvement of the US that a number of important projects are being implemented for the stability and development of Georgia’s financial sector. Ambassador Degnan and I talked about the NBG’s reforms and actions taken in the wake of the global challenges. The National Bank of Georgia has always acted and continues to act in full compliance with the standards set under the international resolutions. The National Bank of Georgia instructed the Georgian financial sector to comply with the requirements of the sanctions on the second day of the start of the war. The NBG, as the regulator of the financial sector, continues to observe all standards and international resolutions", said Koba Gvenetadze.

 

 

"It was a pleasure to meet with the Governor and the Deputy Governor Lezhava to talk about the state of Georgia’s economy right now. The United States is very supportive and values our cooperation with the National Bank of Georgia and we're very committed to working with our many partners on Georgia's economic growth, stability and prosperity. Very pleased to see that the economy is coming out of these multiple shocks - COVID and the Russia’s war against Ukraine stable and strong, and it's very encouraging. I think a lot of it is because of the good cooperation between the Bank and partners like the United States", said Ambassador Degnan.