Home / Banking / Irakli Kovzanadze – We Need Institutionally Independent, Strong and Effective National Bank
Irakli Kovzanadze - We Need Institutionally Independent, Strong and Effective National Bank

Irakli Kovzanadze – We Need Institutionally Independent, Strong and Effective National Bank

We need institutionally independent, strong and effective National Bank and all these should be guaranteed by Parliament of Georgia-said The Chairman of Budget and Finance Committee of Parliament of Georgia.

“2016 report of National Bank was presented in a very interesting way and there are lots of issues which are analyzed deeper and thoroughly. As you know, the reports of National Bank has not been discussed over the passed years in The Parliament of Georgia. This is a renewal of the tradition which means that the report of National Bank should be heard and evaluated by the Parliament. 

Last year , showed us that we have main challenges in two directions, these challenges are: monetary stability and steadiness of financial-banking system. In banking system situation is stable, as regards the inflation we have some problems. Accordingly, it is important to know, that all attempts to refrain inflation somehow, should not be an obstacle for economic growth.

It is natural that the Members of the Parliament had some questions, among them were critical ones too, I think that it was a very interesting discussion. The Budget and Finance Committee will have some recommendations and with foreseeing it, we support the presented report to be approved” – said Irakli Kovzanadze.