World Bank experts conducted a series of working meetings in Georgia as part of a technical mission, engaging with Nino Jeladze, Vice President of the National Bank of Georgia (NBG), as well as representatives from key NBG departments, the Deposit Insurance Agency, and the Ministry of Finance.

According to the NBG, discussions centered on enhancing financial system stability, improving crisis prevention and management mechanisms, and strengthening the country’s overall bank resolution framework. The primary objective was to refine Georgia’s bank resolution regime, ensure alignment with leading international standards, and advance both its operational and practical components.

The meetings also addressed crisis management procedures within Georgia’s resolution framework and explored options for financing bank resolution efforts. Participants discussed the potential for the World Bank to provide conditional financing to the Resolution Fund, along with the technical considerations involved. The goal is to safeguard financial stability and guarantee access to essential resources in the event of a banking crisis.

The important role of the Deposit Insurance Agency and the Ministry of Finance—both in this initiative and in broader crisis management efforts—was highlighted throughout the discussions.

The NBG emphasized that the World Bank and its Financial Sector Advisory Center (FinSAC) have long served as key partners, contributing significantly to the development and strengthening of Georgia’s financial sector over many years.