Axel van Nederveen, the Treasurer of the European Bank for Reconstruction and Development, commended Georgia’s achievements while presenting an analysis by his body and the National Bank of Georgia of the domestic financial market development over the past decade.

"What Georgia has done as a small country with an open economy is top-class. The success story of the country’s market development highlights several key messages for other markets wishing to develop local currency financial markets”, Axel van Nederveen said.

The document provides an analysis of the EBRD’s involvement, along with that of the National Bank and local financial institutions, in shaping Georgia’s financial landscape.