Governor of the National Bank of Georgia Natia Turnava met with representatives of a technical assistance mission from the International Monetary Fund to review progress and future steps in enhancing the country’s monetary operations framework.
The National Bank stated that discussions focused on further developing the framework for monetary operations, including improvements to the collateral system used in liquidity management operations and strengthening related risk management mechanisms.
Particular attention was paid to measures on improving liquidity in the lari money market and government securities market, as well as enhancing the effectiveness of the monetary policy transmission mechanism.
Officials emphasized the importance of developing the market as a main instrument for boosting market liquidity and strengthening the central bank’s operational toolkit.
The IMF technical assistance mission has been holding intensive meetings since February 18 with various departments of the National Bank, as well as representatives from the Ministries of Economy and Finance, the Pension Agency and treasury heads of leading commercial banks.
Governor Turnava expressed gratitude to the IMF mission for its technical support, saying that cooperation with the Fund remains crucial for continuously refining the monetary policy implementation framework and reinforcing financial system resilience.
Following the mission’s recommendations, the National Bank said it will coordinate with partner institutions to define priorities and develop a consistent action plan.
The meeting was also attended by First Vice Governor Ekaterine Mikabadze and heads of several departments within the National Bank.
