The National Bank of Georgia reported that Governor Natia Turnava participated in an International Monetary Fund and World Bank high-level discussion for central bank governors from Central Asia and the Middle East, held during the IMF and World Bank Annual Meetings in the United States. Turnava presented the NBG’s new framework for risk analysis and management within monetary policy and outlined its scenario-based approach to monetary policy communication. The discussion focused on the global economic and financial environment, uncertainty and preparedness for the future, and opened with remarks by Bank of England Governor and Financial Stability Board Chair Andrew Bailey, with additional remarks from IMF Middle East and Central Asia Department Director Jihad Azour. IMF representatives highlighted Georgia and Armenia as examples of successfully implementing scenario-based monetary policy communication, while Turnava described the NBG’s regular use of alternative economic development scenarios to inform timely policy decisions aimed at maintaining price stability and to support confidence amid external risks.
National Bank of Georgia 2025-10-18
National Bank of Georgia presents new monetary policy risk analysis framework at IMF and World Bank governors’ discussion
Governor Natia Turnava of the National Bank of Georgia presented the NBG’s new risk analysis and management framework at an IMF and World Bank discussion for central bank governors. The framework emphasizes scenario-based monetary policy communication to maintain price stability and bolster confidence amid external risks. The event highlighted Georgia and Armenia as successful examples of this approach.