Acting National Bank Governor discusses cooperation with JP Morgan, IMF officials
During the meeting between Turnava and Dresse, the sides discussed Georgia's macroeconomic environment, factors influencing economic growth, the development of financial markets, and the maintenance of price stability, while also assessing the existing geopolitical risks and challenges. Photo via NBG
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Natia Turnava, the Acting Governor of the National Bank of Georgia, on Saturday discussed cooperation in meetings with Daniel Zelikow, the Vice Chair of the JP Morgan Development Finance Institution and Luc Dresse, Alternate Executive Director of the International Monetary Fund.
Turnava and Zelikow reviewed the prospects of future relations in the direction of international reserves management and the development of local markets. Turnava highlighted JP Morgan as an important financial institution for Georgia’s financial system. The parties also touched on the current economic situation and global challenges.
During the meeting between Turnava and Dresse, the sides discussed Georgia's macroeconomic environment, factors influencing economic growth, the development of financial markets, and the maintenance of price stability, while also assessing the existing geopolitical risks and challenges.
Natia Turnava, the Acting Governor of the National Bank of Georgia and Pat Patel, the Executive Director of not-for-profit organisation Elevandi, signed a Memorandum of Understanding to deepen cooperation, within the scope of the 57th annual meeting of the Asian Development Bank in Tbilisi.
Georgia has been ranked ninth among the top 10 countries in the world with the highest percentage decrease in unemployment over the last 12 years in the World Economic Review by the International Monetary Fund.
Georgia has been listed among the top three countries in three different categories of the 10-year growth forecast of the International Monetary Fund, with the ranking released this week.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday said the energy sector’s portfolio in banks was characterised by “stable and low” credit risks and its substantial share in loan portfolios contributed to “financial stability and reduced cyclicality”.