The National Bank of Georgia published remarks by Governor Natia Turnava on the outcomes of the Georgian delegation’s engagement at the International Monetary Fund (IMF) and World Bank Annual Meetings in the United States, including plans for further IMF engagement in Georgia. The update also highlights a bilateral understanding reached with the Reserve Bank of India to sign a memorandum of understanding between the two central banks. Turnava said Georgia expects several IMF missions in the near future, including an Article IV Consultation, and that the authorities asked for IMF technical assistance missions and projects to be enhanced and expanded, receiving a positive response. She referenced the prior Article IV review as having produced a positive report on Georgia’s economic growth, resilience to shocks and the effectiveness of monetary policy. During the visit, the Governor met IMF Deputy Managing Director Bo Li, Middle East and Central Asia Department Director Jihad Azour and IMF mission head to Georgia Alejandro Hajdenberg, and held discussions with World Bank Europe and Central Asia Vice President Antonella Bassani and Executive Director Eugene Rhuggenaath; meetings were also held with investors from J.P. Morgan, Citibank and Bank of America. Next steps cited were the expected arrival of IMF missions, including the Article IV Consultation, and continued technical assistance work; no timetable was provided for signing the central bank MoU with India.
National Bank of Georgia 2025-10-19
National Bank of Georgia outlines upcoming IMF Article IV consultation and planned MoU with the Reserve Bank of India
Governor Natia Turnava of the National Bank of Georgia discussed outcomes from the IMF and World Bank Annual Meetings, highlighting plans for further IMF engagement in Georgia and a bilateral understanding with the Reserve Bank of India for a memorandum of understanding. Georgia anticipates several IMF missions, including an Article IV Consultation, and has requested expanded technical assistance, receiving a positive response. Meetings were also held with IMF and World Bank officials and investors from major banks.