The National Bank of Georgia (NBG) held a two-day international conference "Shaping The Future Of Monetary Policy". The conference involved “leading economists” from around the globe to discuss current challenges and future enhancements of monetary policy frameworks.
Speaking at the conference, Natia Turnava, the Acting Governor of the NBG, underscored the importance of evolving monetary policy in light of “global uncertainty”.
"Against [this] backdrop, it is essential to determine how the central bank will navigate various scenarios that may arise. In our discussions here, we have heard from the world’s leading economists, and this feedback will guide us in refining our monetary policy framework. Our goal is to maintain price stability as a result of our policies”, Turnava said.
Throughout the conference, presentations were delivered by the Macroeconomics and Statistics Department staff of the NBG on challenges of monetary policy in small, open, developing economies.
The event also included panel discussions where both local and international economists analysed “pressing challenges” faced by the economies and explored potential solutions and policy advancements.
The event featured representatives from the International Monetary Fund, Georgian Ministry of Economy and Ministry of Finance, economists from central banks of Armenia, Czechia and Kazakhstan, as well as representatives from commercial banks and analytical centres, and domestic experts.
