The National Bank of Georgia reported on a meeting between Governor Natia Turnava, Georgia’s Minister of Finance Lasha Khutsishvili and the Georgian delegation and Jihad Azour, Director of the International Monetary Fund’s Middle East and Central Asia Department, held on the margins of the IMF-World Bank Spring Meetings. Discussions covered Georgia’s fiscal and monetary policy stance, the current macroeconomic environment and prospects for future cooperation with the IMF. The update highlighted inflation dynamics and reserve accumulation. As of March 2026, annual inflation was 4.3%, core inflation was around 2.4% and services inflation was 3.3%, which the Governor said indicates inflation expectations remain well anchored. The parties also noted that Georgia’s international reserves reached a historic high in 2025 and exceeded the 100% adequacy threshold for the first time since 2022, while flagging that a prolonged Middle East conflict could affect existing forecasts.
National Bank of Georgia 2026-04-15
National Bank of Georgia discusses fiscal and monetary policy outlook and future IMF cooperation with Jihad Azour
The National Bank of Georgia reported on discussions with the International Monetary Fund on Georgia’s fiscal and monetary policy stance, macroeconomic conditions and future cooperation at the IMF-World Bank Spring Meetings. The update noted that as of March 2026 annual inflation was 4.3%, core inflation 2.4% and services inflation 3.3%, with inflation expectations well anchored, and that international reserves reached a historic high in 2025, exceeding the 100% adequacy threshold for the first time since 2022, while warning that a prolonged Middle East conflict could affect forecasts.