
The International Monetary Fund (IMF) has released its latest assessment following a new round of consultations with the Georgian government, commending the country’s strong economic performance and prudent monetary policy.
According to the IMF, Georgia continues to maintain low inflation, thanks to the National Bank of Georgia’s (NBG) firm monetary stance and the stability of the national currency exchange rate. The report states that with inflation nearing its target, interest rates returning to a neutral level, and a decline in domestic demand pressure, the NBG's monetary policy remains well-aligned with current economic conditions.
NBG President Natia Turnava noted the alignment between the IMF’s and the NBG’s forecasts, calling the consensus "agreeable." Both institutions also agree on the need to prioritize reserve accumulation. “Our vision also coincides here, and we really do our best to ensure that the National Bank has more reserves,” Turnava emphasized.
The IMF highlights Georgia’s “surprisingly rapid economic growth” despite internal and geopolitical challenges, projecting growth to reach up to 7.2 percent in 2024. It further applauds the country’s efforts in reducing foreign debt, poverty, and unemployment.
The report also praises the National Bank’s effective management, its institutional independence, and progress on key structural reforms — notably the appointment of a new NBG President and the filling of vacant Council seats.
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