The National Bank of Georgia reported that Natia Turnava participated in a World Bank-organized meeting of women central bank governors held alongside the International Monetary Fund and World Bank Spring Meetings in Washington, where discussions focused on gender issues and women’s financial inclusion. Turnava outlined the central bank’s initiatives aimed at women’s empowerment and reducing barriers to women’s access to financial services. She highlighted internal representation metrics, noting that women hold 54% of senior and middle management roles at the National Bank of Georgia and account for five of the nine members of its Supervisory Board. Turnava positioned financial education as a key tool in addressing persistent access barriers, citing the launch of the Financial Education Portal in 2020 and the approval of an updated National Financial Education Strategy in 2023, with women identified as a priority group. She also pointed to governance measures, stating that the revised Corporate Governance Code introduced gender quotas for the supervisory boards of commercial banks and microbanks, alongside a strategic focus on improving access to finance for women-led businesses and reducing the gender pay gap within the financial sector.
National Bank of Georgia 2025-04-27
National Bank of Georgia spotlights gender quotas for bank boards and financial education at World Bank women governors meeting
Natia Turnava of the National Bank of Georgia attended a World Bank meeting of women central bank governors, discussing gender issues and women's financial inclusion. She highlighted initiatives like a Financial Education Portal and a revised Corporate Governance Code with gender quotas to empower women and improve financial access. Women hold 54% of senior and middle management roles at the bank, and five of the nine Supervisory Board members are women.