23.Jan .2020 17:36

Lasha Papashvili: credits must be available in order to grow economy fast

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Credits must be available in order to grow economy fast, - businessman Lasha Papashvili declares about the banking regulations.

According to him, since banking regulations went into effect, lending had been restricted.

"There will be restrictions on consumer loans or business loans, the economy will not develop with these restrictions, so the central function of the National Bank should be both inflation control, as well as affordable lending.

We are a developing country and credit must be especially accessible to the citizens.
Initially, they imposed regulations and now they want to come out … There has been a wave of lifting the restrictions and now the next wave is being prepared”, said Lasha Papashvili.