During her visit to Basel, Switzerland, for the 95th Annual Meetings of the Bank for International Settlements (BIS), Natia Turnava, Governor of the National Bank of Georgia, met with Pan Gongsheng, President of the People’s Bank of China, to discuss the growing collaboration between the two institutions.

Turnava highlighted that the memorandum of understanding between the National Bank of Georgia and the People’s Bank of China had been signed earlier during a Georgian delegation’s official visit to China.

“At our meeting in Basel, we reviewed the progress made under this memorandum and explored ways to deepen our cooperation. We are actively engaging with Chinese banks to encourage their involvement in Georgia’s financial sector,” Turnava stated.

She also noted that the upcoming visit of the President of CIPS—China’s leading state-run payment system—underscores the positive momentum in bilateral relations. “While significant strides have been made, I also emphasized the need for stronger support in specific areas to further accelerate our joint initiatives,” she added.