03 October 2024,   02:23
more
Azim Sadikov responds to Bidzina Ivanishvili`s announcement

IMF representative in Georgia- Azim Sadikov has responded to Bidzina Ivanishvili"s statement.  In the announcement is mentioned that the International Monetary Fund has not taken, and can not take a view on the issues related to justice and individuals" relation with the law. This is not our mandate.

" In the dialogue with the Georgian authorities, the IMF has consistently emphasized the importance of respecting and preserving independence of the National Bank of Georgia ( NBG). Violating NBG independence would weaken the institution, undermine the credibility of its monetary and financial sector policies, and threaten investor confidence."- is stated in the announcement.

Azim Sadikov underlines that Georgian authorities have repeatedly reaffirmed their commitment to independence of NBG .

 

"The IMF is concerned that recent initiations  to amend the central bank law would put NBG independence at risk. We recommend to hold  proper consultations with key stakeholders and international experts. "- says Sadikov"s statement.

As Georgia"s former PM Bidzina Ivanishvili has declared, an IMF representative asked him not to detain National Bank President Giorgi Kadagidze and he took his request into account.

MORE HEADLINES