National Bank of Georgia Discusses Macroeconomic Trends in Georgia with IMF
At an introductory meeting with Andrew Jewell, the new representative of the International Monetary Fund in Georgia, on August 24, Natia Turnava, the Acting President of the National Bank of Georgia, discussed macroeconomic trends in Georgia.
They evaluated the status of Georgia's Fund-supported economic program, which was said to be assisting in strengthening macroeconomic stability in Georgia.
Turnava assured Jewell that the IMF was an essential partner of the nation and pledged to keep their close and productive cooperation. She said that in response to global problems, it had implemented several consistent and adequate measures, noting that its appropriate policy had assisted in controlling inflation expectations and ensuring price stability in the country. The President of the National Bank of Georgia highlighted that while core inflation was at 3.1 percent, domestic inflation in July had reduced to 0.3 percent, well below the objective of three percent.