The National Bank of Georgia (NBG) hosted a two-day international conference titled "Shaping the Future of Monetary Policy."

The conference aimed to foster discussions and examine both the current challenges and potential advancements in the monetary policy framework.

The conference featured distinguished economists, including:  Athanasios Orphanides, former Governor of the Central Bank of Cyprus and Professor at the Massachusetts Institute of Technology (MIT), Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF), Robert Tetlow, Senior Advisor at the U.S. Federal Reserve Board, Zdeněk Tůma, former Governor of the Czech National Bank. 

The event commenced with an address by Natia Turnava, Acting Governor of the NBG, who underscored the importance of monetary policy development and current trends. She stated: 

"Globally, and especially in the region, the situation is changing rapidly, amid high uncertainties. Against this backdrop, it is essential to consider how the National Bank of Georgia will respond to various potential scenarios. During the conference, we explored this topic in depth, benefiting from the valuable perspectives of leading economists from around the world. Their feedback will play a key role in further refining our monetary policy framework. In any case, our ultimate goal remains the same—ensuring price stability through effective monetary policy." 

The conference drew notable participants, including:  Andrew Jewell, Resident Representative for Georgia at the IMF, Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development, Ekaterine Guntsadze, Deputy Minister of Finance, Shota Berekashvili, Chairman of the Parliamentary Committee on Sectoral Economics and Economic Policy.  Economists from the central banks of the Czech Republic, Kazakhstan, Armenia and other countries also attended, alongside representatives from Georgia's commercial banks, analytical centers, and local experts. 

Within the event's framework, experts from the NBG's Macroeconomics and Statistics Department delivered presentations analyzing the challenges of monetary policy in small, open economies and proposed strategies for their development.

The conference also featured engaging panel discussions, where renowned international and local economists examined the pressing challenges faced by small, open, developing economies. They explored practical solutions and shared insights on advancing monetary policy frameworks to address these issues effectively.