Georgian Economy Minister meet Governor of People's Bank of China

18:22, 12.09.2024

Georgian Economy Minister Levan Davitashvili met with the Governor of the People’s Bank of China (PBOC), Pan Gongsheng, to discuss financial cooperation.

According to Levan Davitashvili, the National Bank of Georgia (NBG) is now striving to modernise Georgia’s payment infrastructure, including developing the Instant Payment System (IPS) “to make it faster and more efficient.” “This will encourage trade and economic relations.”

NBG and PBOC agreed to sign a memorandum of understanding to formalise their relationship and provide a framework for future cooperation.

“The goal of our strategy is to support the development of financial technology (fintech) in the middle corridor by capitalising on the positive trends of the real economy,” Davitashvili added.

By - Marika Kartozia

Economics

Economy Minister Levan Davitashvili

Governor of People's Bank of China

Pan Gongsheng