World Bank urges Georgia to make ‘further efforts’ on financial stability

Report praises “significant progress” but says work is needed on supervision, AML and inclusion

National Bank of Georgia
National Bank of Georgia
Photo: NBG

The World Bank’s latest financial review of Georgia says authorities have made “significant progress” in developing the financial stability framework, but “further effort” is needed in some areas.

In its financial sector assessment report, the World Bank praises the National Bank of Georgia’s efforts to strengthen financial regulation. It describes the central bank’s macro-prudential toolkit as “comprehensive” and says measures to support stability during the initial stages of the Covid-19

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