World Bank experts held a series of working meetings in Georgia as part of a technical mission, engaging with Nino Jeladze, Vice President of the National Bank of Georgia (NBG), as well as representatives of several NBG departments, the Deposit Insurance Agency, and the Ministry of Finance.

According to the National Bank, discussions focused on strengthening financial system stability, enhancing crisis prevention and management capabilities, and improving the overall resolution framework. The primary goal of the meetings was to refine Georgia’s bank resolution regime, align it with leading international standards, and advance its operational and practical components.

The talks also covered crisis management procedures within Georgia’s resolution framework and mechanisms for financing the bank resolution process. Participants discussed the possibility of the World Bank providing conditional financing to the Resolution Fund, along with related technical details. The initiative aims to safeguard financial stability and ensure access to necessary resources in the event of a banking crisis.
The important role of the Deposit Insurance Agency and the Ministry of Finance in both the project and broader crisis management efforts was underscored.

The NBG noted that the World Bank and the World Bank’s Financial Sector Advisory Center (FinSAC) have been longstanding partners, actively supporting Georgia’s financial sector development for many years.