NBG President and Finance Minister meet IMF representatives
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.
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With the Permanent Secretary of the Ministry of Transport of Singapore we discussed issues related to cooperation in maritime and aviation sectors, including launching of direct flights - Tamar Ioseliani
25.11.2025.17:00
Tamar Ioseliani, Deputy Minister of Economy and Sustainable Development, held a meeting with Lau Peet Meng, Permanent Secretary of the Ministry of Transport of Singapore. The meeting was held within the framework of the International Maritime Organization (IMO) Assembly in London.
Deepening cooperation between Georgia and Singapore in the directions of maritime digitalization, the development of green ports, and sustainable transformation were the key points of emphasis during the meeting. Special attention was paid to safety systems, hydrographic services, human capital development, and innovative projects.
“It was a very productive meeting; we discussed a number of important issues. From our side, we highlighted the Middle Corridor as a key transport-logistics route connecting Asia and Europe, and Georgia’s importance in its development process. We welcome the sharing of Singapore’s experience in the field of port efficiency and logistics optimization” – Tamar Ioseliani commented.
The Deputy Minister of Economy and Sustainable Development, the meeting with the Permanent Secretary of the Singapore Ministry of Transport also covered the deepening of cooperation in the civil aviation sector, including the issue of direct flights between the countries. Tamar Ioseliani highlighted the growth dynamics in Georgia’s civil aviation sector and the work undertaken regarding market diversification. As she noted, based on data from the first 9 months of this year, a record number of flights were performed at Georgian airports: regular flights amounted to 22 125, while charter flights equaled to 6556.
“The conversation also covered the progress of such important, large-scale infrastructure projects as the new Vaziani International Airport and the Anaklia Deep Sea Port, and their role in terms of increasing connectivity between countries” – Tamar Ioseliani noted.
Furthermore, according to the Deputy Minister, Georgia is ready for a long-term partnership with Singapore that will promote digitalization, green development, safety, and maritime innovation. As Tamar Ioseliani noted, Georgia is implementing complex digital reforms, including the development of the Maritime Single Window and Port Community System and the Singapore’s experience in creating a fully integrated digital port ecosystem is particularly important for Georgia.
“Georgia attaches great importance to our cooperation and sees strong potential for deepening the partnership, especially under the conditions where significant reforms are underway in the maritime sector in the country” – Tamar Ioseliani noted during the conversation with her Singaporean colleague.