The National Bank of Georgia reported that Governor Natia Turnava participated in the IMF and World Bank OEDNE/EDS19 Constituency Meeting in Luxembourg, including moderating a session on the role of central banks in the green economy. In the discussion on sustainable finance and climate change, Turnava pointed to the National Bank of Georgia’s sustainable finance framework and its Sustainable Finance Taxonomy, which includes both green and social taxonomies and has been supported by regulations in force since 2023. She said the framework defines green, social and sustainable finance loans in Georgia and sets disclosure requirements for financial institutions, with banks already applying the taxonomy when issuing green and social loans and reporting to the central bank; as of December 2024, green loans accounted for about 2% of the total loan portfolio. Turnava also emphasised that, alongside national taxonomies, regional and international harmonisation is important to reduce fragmentation and support cross-border alignment.
National Bank of Georgia 2025-07-04
National Bank of Georgia governor highlights sustainable finance taxonomy and disclosure rules at IMF and World Bank constituency meeting
Governor Natia Turnava of the National Bank of Georgia attended the IMF and World Bank Constituency Meeting, highlighting the bank's sustainable finance framework and taxonomy. Effective since 2023, it defines green, social, and sustainable finance loans and mandates disclosure requirements, with green loans comprising 2% of the total loan portfolio by December 2024. Turnava emphasized the need for regional and international harmonisation to reduce fragmentation and support cross-border alignment.