Natia Turnava Advocates for Enhanced Bank Financing in the Development Sector

In her continuous engagement with the business community, the Acting President of the National Bank, Natia Turnava, recently convened with representatives from commercial banks and key members of the business association. The focus of their discussion revolved around the National Bank's regulations pertaining to the financing of the development sector.

Speaking about the importance of adapting these regulations, Turnava stated, "We engaged in a productive dialogue with representatives from commercial banks and business associations about the principles underpinning the financing regulations for the development sector in Georgia. Our conversation centered on fine-tuning these regulations to ensure that financing risks are adeptly managed."

She emphasized the necessity for banks to be equipped with more avenues to finance this critical sector. Turnava elaborated, "It's imperative for banks to possess greater capabilities to fund this particular sector. This is crucial, not just for creating new employment opportunities, but also for sustaining robust economic growth in our nation."