Capital Market Enhancement Issues Discussed utilizing EBRD Representatives

Dimitri Kumsishvili, Georgia’s first vice Prime Minister and Minister regarding Finance, and Koba Gvenetadze, president of National Standard bank of Georgia (NBG), discussed capital market development issues with representatives of EBRD.

The meeting was held throughout Washington, the USA, within the annual meeting associated with IMF and World Financial institution.

At the meeting this parties discussed think strategy for capital industry development. The mentioned doc was prepared just lately and it calls for discussing several priority elements, including an improvement connected with legislative and technological basis for the period, as soon as Georgia will start reformation from the pension system. In addition, at the beginning of 2018 Government associated with Georgia will roll-out deposits insurance process.

The parties discussed Georgia’verts capital market, crafted accent on the actions for the capital industry reformation.

The Georgian Party discussed collaboration as part of the mentioned reformation by using EBRD representatives and known that the development is certainly of crucial magnitude for creating alternate financial sources.

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