The President of the National Bank of Georgia, Natia Turnava, and the Minister of Finance, Lasha Khutsishvili, held a series of working meetings in Washington, D.C., within the framework of the annual meetings of the International Monetary Fund (IMF) and the World Bank.

They met with Bo Li, Deputy Managing Director of the IMF; Jihad Azour, Director of the IMF’s Middle East and Central Asia Department; and Alejandro Hajdenberg, Head of the IMF Mission to Georgia.

According to the National Bank of Georgia (NBG), discussions focused on the strong and stable condition of the Georgian economy, low inflation rates, and sustained economic growth. It was emphasized that the country’s price stability is the result of a consistent and prudent monetary policy.

During the meetings, Natia Turnava briefed IMF representatives on current macroeconomic trends and the state of the financial sector. She noted that despite global and geopolitical challenges, the Georgian economy continues to demonstrate resilience and stability.

“It was noted that, as a result of the consistent monetary policy of the National Bank, inflation processes have been successfully managed. Following a period of high inflation, the rate has remained below the target level for the past two years and is now fluctuating close to the target. The financial sector shows healthy indicators, supported by strong economic growth and an increase in the country’s international reserves,” the NBG statement said.

Turnava also underlined that the long-term strategy of the National Bank focuses on accumulating international reserves and ensuring their effective management.

The sides discussed future cooperation, including technical assistance programs and upcoming IMF assessment missions to Georgia.

“Intensive cooperation with the International Monetary Fund continues. Several technical assistance projects are currently underway, and we expect IMF assessment missions to visit Georgia in the near future,” said Natia Turnava.

According to the NBG, IMF representatives positively assessed Georgia’s economic progress and expressed readiness to continue supporting the country in various areas.