09.Dec .2020 16:00

The President of the NBG Positively Assesses the Results of Responsible Lending

The President of the NBG Positively Assesses the Results of Responsible Lending
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"I assess the results of responsible lending very positively," the president of the National Bank said in response to a question posed by the media at an online press conference after the Monetary Policy Committee.
 
He said that reforms are never carried out with populist steps and various decisions can be followed by critical assessments.

"The necessary changes must be made in time to be able to deal with the situation in difficult conditions.
 
Such a popular phrase was used after the recent financial crisis by the Managing Director of the International Monetary Fund - "The roof should be repaired before the sun shines or before it rains." I think that if we look at the activities of the National Bank and the executive government decisions in this direction, we acted exactly along with this motto to take the necessary and sometimes painful steps when everything was fine, with these unpopular steps we managed to cope with the crisis financial sector, which helps today. We will get out of this crisis and contribute even more to the recovery of the economy," - said Koba Gvenetadze.