The National Bank of Georgia (NBG) reported that its Governor Natia Turnava, together with Finance Minister Lasha Khutsishvili, met IMF Deputy Managing Director Bo Li during the 2026 IMF and World Bank Spring Meetings. The discussions covered Georgia’s economic indicators, measures to sustain fiscal discipline and price stability, and the impact of geopolitical tensions in the Middle East on global uncertainty and the inflation outlook. The NBG highlighted the importance of maintaining adequate buffers and described its policy of accumulating international reserves as a key priority, noting that reserves have exceeded the minimum adequacy threshold of 100%. The parties also discussed the NBG’s monetary policy framework, with future decisions framed as dependent on evolving geopolitical scenarios, and the IMF commending the NBG’s new scenario-based approach to monetary policy for strengthening communication and transparency around risk management and decision-making.
National Bank of Georgia 2026-04-14
National Bank of Georgia discusses reserves policy and scenario-based monetary policy with IMF Deputy Managing Director Bo Li
The National Bank of Georgia said Governor Natia Turnava and Finance Minister Lasha Khutsishvili met IMF Deputy Managing Director Bo Li to discuss Georgia’s economic indicators, fiscal discipline, price stability and the impact of Middle East tensions on global uncertainty and inflation. The bank underscored its priority of accumulating international reserves, now above the 100% adequacy threshold, and outlined its scenario-based monetary policy framework, which the IMF commended for improving communication and transparency.