Governor of the National Bank of Georgia (NBG), Natia Turnava, recently met with Robert Lucas, Head of the World Bank’s Reserve Advisory & Management Partnership (RAMP), to discuss the importance of effective reserve management for economic stability.

According to the NBG’s press office, the meeting focused on the critical role that robust international currency reserves play in shielding countries and financial systems from external shocks and crisis events.

Governor Turnava emphasized the progress made under the NBG’s long-standing collaboration with RAMP. She noted that with the program’s support, Georgia’s central bank has significantly evolved its reserve management—from a passive “buy-and-hold” strategy to an active, globally aligned investment approach.

“Through our partnership with the World Bank Treasury RAMP program, the National Bank of Georgia has transformed its foreign exchange reserve management in line with global best practices,” Turnava said. “We have introduced world-leading methods and standards, allowing the NBG to establish its place among the leading central banks in reserve management.”

Robert Lucas reaffirmed RAMP’s commitment to continued support, highlighting the importance of knowledge sharing, technical expertise, and reform guidance in the partnership.

The NBG has been a RAMP member since 2009, with the partnership most recently renewed for another three years in October 2024. The bank actively participates in collaborative activities, including study visits and hosting delegations.

Launched in 2001, the World Bank’s RAMP initiative supports central banks, sovereign wealth funds, and public financial institutions around the world in strengthening their foreign exchange reserve management practices.