The National Bank of Georgia (NBG) hosted a meeting with investors representing prominent American and global investment companies.
Participants included senior executives from J.P. Morgan, Morgan Stanley, Vontobel, the Currency Exchange Fund, Bank of America, and Janus Henderson Investors.
During the meeting, the NBG team provided an overview of Georgia's economic resilience, highlighting the country’s strong fundamentals and financial stability.
It was noted that Georgia has maintained price stability, with inflation remaining below the 3% target rate for 19 consecutive months. This achievement is attributed to the effective implementation of monetary policy.
Georgia’s strong economic growth and promising prospects were also emphasized, with an impressive average growth rate of 9.8% recorded in September-October 2024.
Natia Turnava emphasized the strong and sound state of Georgia’s banking sector. Non-performing loans remain at low levels, while profitability continues to be high. She also highlighted the ongoing measures to reduce dollarization amid sound credit growth, emphasizing its role in ensuring financial stability and fostering sustainable economic development.
Highlighting U.S.-Georgia economic ties, Natia Turnava noted that foreign direct investments from the United States reached USD 182 million last year. She underscored Georgia's commitment to fostering long-term relationships with the U.S. and sustaining the trust of American investors.
The meeting featured presentations by Shalva Mkhatrishvili, Head of the Macroeconomics and Statistics Department, and David Utiashvili, Head of the Financial Stability Department. Their insights focused on the stability of Georgia's financial markets and the broader macroeconomic environment.
NBG Vice-Governors Ekaterine Mikabadze and Ekaterine Galdava also participated in the meeting.
