IMF praises Georgia’s non-bank overhaul, but says issues remain

An overhaul of non-bank supervision by the Nationwide Financial institution of Georgia (NBG) and the nation’s authorities has made “important progress”, however some points nonetheless stay, in accordance with a report by the Worldwide Financial Fund.

In Might 2017, an IMF technical help staff visited Georgia to assist the authorities cope with a sector that was evenly regulated and “just about unsupervised”. Since then, new laws and motion by the central financial institution have tightened the regulatory regime and toughened

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