IMF: Recent amendments to NBG law include meaningful improvements

“The recent amendments to the NBG law include meaningful improvements,” reads the End-of-Mission statement from the International Monetary Fund (IMF), which concluded its visit to Georgia.

Based on the statement, the IMF mission welcomes the intention of the National Bank of Georgia (NBG) to introduce a collegial decision-making model into the activities of the Financial Stability Committee.

“The recent amendments to the NBG law include meaningful improvements. They introduce collegial monetary policy decision-making and strengthen the succession framework and eligibility criteria for governing board members. We welcome the authorities’ intention to also introduce collegial decision-making in the financial stability committee, and we encourage them to take the necessary steps to ensure a majority of non-executive board members at all times, in line with past recommendations,” reads the statement.

An International Monetary Fund (IMF) team led by Alejandro Hajdenberg held meetings in Tbilisi from November 9 to 13, 2026, to discuss recent economic and financial developments and progress on reform priorities.