Government to Discuss Lowering 200 000 GEL Margin for Issuing GEL-Denominated Loans
Prime Minister Giorgi Gakharia has instructed the Finance Minister to discuss the probability of lowering the 200 000 GEL margin for issuing GEL-denominated loans.
„We have declared several times that economic growth and creating new job places are the major challenges for our country. Therefore, everything that takes place in our social and political life and turn into street destabilization in the street and illegal activities makes direct influence on such important dimension of our life as economic life. Therefore,when we have irresponsible politicians, who do not take into account such an important dimension for development of our country as economic growth, development and naturally, creating new job places, we, as the responsible force and the Government, should taker due steps to answer similar challenges.
Therefore, I want to instruct the Finance Minister to discuss the probability of lowering the 200 000 GEL margin for issuing GEL-denominated loans to 100 000 GEL. The conclusion must be submitted for the next government meeting.
At the same time, I urge the National bank of Georgia (NBG) to use all mechanisms actively for maintaining stability of prices and inflation targeting”, the Prime Minister said.