For the purpose of familiarization with the reforms and innovative systems introduced in the National Bank of Georgia, the delegation from Botswana visited the National Bank on July 17.

Giorgi Kadagidze, the governor of the National Bank, hosted the delegation. At the meeting the Governor introduced reforms carried out in the NBG and projects implemented in Georgia. The Governor spoke about the banking sector development and the policy of the National Bank toward commercial banks.

“At the meeting with the state delegation of Botswana we discussed all the directions and reforms implemented recently in Georgia. Exchanging this type of information is very interesting and useful not only for other countries but primarily for us, as they are very experienced in various fields and ultimately, for the purpose of being the successful and competitive country on a global scale, it is important to be open and share successful experience of other countries. We have also to try not to make the same mistakes done by the other countries. We are proud that more and more countries in the recent years have expressed interest to visit Georgia and share our experience. I am glad to share all reforms that we have carried out on the way to success with every interested country” – Mr. Giorgi Kadagidze, the Governor of the NBG stated in his interview. 

“We visited Georgia through the sponsorship of the World Bank. Our goal is to share the experience of Georgia in liberalization of different fields of economy. We are also interested in how did you attract the Foreign Direct Investment and how to make things easier in this respect” – said the head of the National Strategy Office of Botswana. 

The diplomatic relations between Georgia and Botswana was established in 2010. The trade volume between two countries in 2001-2012 was 28.2 thousand USD - export was 18,9 thousand USD and import was 9,3 thousand USD.

Botswana is the South African state, which is one of the largest suppliers of diamond in the world and it is considered the middle-income country.  It is bordered by South Africa from the south and southeast, Namibia from the west and north, Zimbabwe from the northeast and Zambia from the east. Botswana is landlocked and up to 70% of its territory is covered by the Kalahari Desert.