Vice-Governor of the National Bank of Georgia Papuna Lejava set down with The Checkpoints this week. He was focusing on 4 main risks to Financial Stability as identified by the NBG. These are: uncertainty associated with the duration and economic impact of COVID-19 pandemic; increase in country risk premium and its repercussions on exchange rate and foreign currency debt burden; more than anticipated adverse impact of the weaker external demand and the virus containment measures on tourism and its adjacent industries, and drop in real estate prices due to weak demand and its adverse impact on the financial sector.
Papuna Lejava, NBG
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