EBRD Treasurer points at Georgia's open economy top-class achievements

19:02, 21.05.2024

“The successful development of Georgia’s market highlights several key lessons for other markets looking to develop local currency financial markets,” noted Axel van Nederveen, Treasurer of the European Bank for Reconstruction and Development (EBRD), in his assessment of the joint EBRD Treasury-NBG report.

In collaboration with the National Bank of Georgia, he said, the EBRD Treasury has prepared a unique vision for the capital market over time.

The EBRD Treasury and NBG officially presented a report titled Creating the Foundations of Financial Market Development: A Retrospective of More Than 10 Years of Work by the EBRD in Georgia.

The paper analyzes the contributions of the EBRD, the National Bank of Georgia, and local financial institutions in shaping Georgia’s financial landscape. The report was prepared with the support of the Swiss State Secretariat for Economic Affairs (SECO).

By - Tamar Tabatadze

Economics

EBRD

NBG