The National Bank of Georgia hosted an International Monetary Fund (IMF) technical assistance mission to discuss further development of the central bank’s monetary operations framework, with a focus on liquidity management. Workstreams covered enhancing the collateral framework used in liquidity operations and strengthening related risk management, alongside steps to improve liquidity in the GEL money market and Treasury securities markets. The discussions also addressed improving monetary policy transmission, particularly through development of the repo market. The mission has held meetings since 18 February with National Bank of Georgia departments and with external stakeholders including the Ministries of Economy and Finance, the Pension Agency, and treasury departments of leading commercial banks. Upon receiving the mission’s recommendations, the National Bank of Georgia plans to coordinate with relevant stakeholders to set priorities and prepare an action plan for implementation.
National Bank of Georgia 2026-03-02
National Bank of Georgia meets IMF technical assistance mission on strengthening monetary operations and collateral frameworks
The National Bank of Georgia hosted an International Monetary Fund technical assistance mission to enhance its monetary operations framework, focusing on liquidity and risk management. Discussions included improving the GEL money market, Treasury securities markets, and monetary policy transmission via the repo market. The National Bank of Georgia will coordinate with stakeholders to prioritize and implement the mission's recommendations.