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I Failed To Convince The Population, The NBG Can't Solve All Problems - NBG Governor

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Natia Taktakishvili
30.12.22 11:00
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Koba Gvenetadze's term as the Governor of the National Bank of Georgia will expire in March 2023.

The NBG governor spoke about his 7-year mandate and future plans in TV-program "Analytics".

"I failed to convince the population that the National Bank cannot solve all the problems in the country", - Koba Gvenetadze said.

At the same time, Koba Gvenetadze considers it disappointing that during the mandate of the NBG Governor, Georgia did not receive the investment rating.

“Georgia saw a credit rating upgrade in 2017 for the first time since 2011. Moody's was the first, followed by S&P and Fitch, and then it continued. We are currently two bids short of investment grade. I am 95% confident, that without the pandemic and Russian aggression, we would definitely have an investment rating today. Unfortunately, it can be said that we lost two years," Koba Gvenetadze said.

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