Close and effective cooperation with the International Monetary Fund will further continue

Close and effective cooperation with the International Monetary Fund will further continue – NBG Acting President

25/08/2023

13:17

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“The IMF is an important partner of the country and close and effective cooperation with it will further continue,” - Natia Turnava, Acting President of the National Bank of Georgia, stated at an introductory meeting with the new representative of the International Monetary Fund in Georgia, Andrew Jewell.

“The IMF is a significant partner of Georgia, and tight cooperation will continue in the future,” Turnava said.
The country’s macroeconomic parameters and the IMF-supported projects were reviewed at the meeting.
“The NBG took various consistent steps in response to global challenges. An adequate policy contributed to the management of inflation expectations and ensuring the stability of prices. Inflation reduced to 0.3% in July, well below the target of 3%, while core inflation stood at 3.1%,” the NBG reported.