“At every meeting held in the United States, all parties affirmed that Georgia’s economic standing is beyond question, that the country’s economy is in an exceptionally sound position, and its macroeconomic fundamentals are in very good health,” said Natia Turnava, President of the National Bank of Georgia (NBG), speaking on the Business Partner programme on GPB First Channel.

According to Turnava, this assessment reflects a combination of strong economic growth, inflation remaining near its target, a stable currency market, substantial inflows from exports, tourism, investments and remittances, as well as an improving current account deficit.

“These are the factors that are strengthening our economy and making it attractive. Financial stability within the banking sector is also of considerable importance. The IMF, for its part, noted the high quality of both our monetary and fiscal policy,” she said.

Turnava added that Georgian representatives no longer need to do much explaining when they sit down with investors; interest in the country remains high and largely speaks for itself.

“Over these years, we have built a clear and compelling picture of Georgia’s economic credibility, and we have genuinely won investors over. Recently, the Ministry of Finance, with our involvement, issued treasury bonds on the international market, a clear testament to the high level of confidence investors have in the country and its economic policies. The offer was made for 500 million dollars, yet during trading, investors expressed readiness to place as much as 2.8 billion dollars. That, in itself, is the truest measure of trust,” she said.