A one-week workshop was launched at Tbilisi Marriott Hotel September 13^th by the World Bank and the National Bank of Georgia.

40 representatives of central banks from 20 countries are participating in the event with the topic on Contemporary Market Risk Management Problems and Solutions. The main goal of the workshop is to present the participants with the contemporary market risk and profit assessment methods, instruments and methodology in practice.Georgia is the leader in the region with economic reforms implemented: “And this is why we chose Tbilisi for this significant event” – The World Bank representative stated.

Giorgi Kadagidze, President of the National Bank of Georgia welcomed the meeting. “The risks we have faced with showed the significance of the effective risk management. Georgia has been through a number of shocks, both on local and international level, during past years. Despite the war situation and impact of the international financial crisis, we managed to solve the problem and at the same time keep the international reserves on the adequate level. The financial sector managed to overcome the crisis and economy is still developing. This would not have been possible without an effective crisis and risk management”, - Giorgi Kadagidze , President of the National Bank of Georgia declared at the opening of the work group meeting.

Giorgi Kadagidze thanked the representatives of the World Bank for holding the event in Tbilisi: “I am sure the participation in the meeting and sharing experience will be useful for everyone”.