The work of the National Bank of Georgia is given positive assessment in the recent report of the US State Department on Georgia’s investment climate. The report provides a detailed overview of Georgia's investment climate, the country's economic stance, and the monetary and fiscal policy.

The report on the investment climate stresses that the National Bank of Georgia and financial institutions of Georgia fully comply with the financial sanctions imposed by the USA, the European Union and Great Britain against the Russian Federation.

“For proper and efficient monitoring of sanctions’ compliance by the financial intuitions, the NBG has established a new unit which is responsible for elaboration of respective methodological guidelines for the financial intuitions on international sanctions’ compliance and assists representatives of financial sector to understand and fulfill all the requirements envisaged by the sanctions’ regimes. Compliance with international financial sanctions is systematically checked during the onsite inspections of financial institutions. The NBG closely cooperates with OFAC, OFSI, and EU relevant bodies for receiving guidance on particular issues and resolving specific questions related to sanctions. NBG relevant units receive trainings and technical assistance from OFAC, OFSI, and the EU,” states the report.

The document evaluates the measures taken by the National Bank of Georgia, affirmed by a number of international organizations and rating agencies: "The IMF, credit rating agencies, and other international organizations positively assess the NBG’s macroeconomic framework and inflation targeting regime. In June 2021, the NBG was awarded the Transparency Award by the international publisher Central Banking. The award highlighted the improved communications on monetary policy, financial stability, consumer protection and financial education.”

In addition, the report discusses the regulatory policy of the National Bank of Georgia, fostering the ability of financial sector and the banking system to successfully cope with global challenges.

“The banking system is stable, well capitalized, liquid, and profitable. The financial sector maintains solid capital and liquidity buffers against potential threats. The share of non-performing loans (4.1% as of January 1, 2023) is declining. Georgia’s banking supervision practices and regulations have significantly progressed and are largely in line with Basel/EU directives. As outlined by the 2022 IMF Country Report, the banking system has weathered the shocks from the pandemic and Russia’s war in Ukraine well, reflecting among other factors the robust regulatory and supervisory framework put in place in recent years. Despite substantial progress, dollarization remains the main challenge for the system, given that around 45 percent of the credit portfolio is disbursed in foreign currency, largely to unhedged borrowers,” says the report.