IMF Staff Country Reports

Georgia: Financial System Stability Assessment

November 26, 2001

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International Monetary Fund. Monetary and Capital Markets Department "Georgia: Financial System Stability Assessment", IMF Staff Country Reports 2001, 210 (2001), accessed November 8, 2024, https://doi.org/10.5089/9781451814477.002

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Summary

The Georgian financial system is small by international standards and by comparison with countries in the region. The vulnerabilities and policy challenges in the Georgian financial system are closely linked to the transitional stage of the economy. The legal framework governing the financial sector needs improvement. The assessment of compliance with the Basel Core Principles (BCP) for Effective Banking Supervision (EBS) found that while substantial advances in bank supervision have occurred during the past two to three years, there are several areas in need of improvement.

Subject: Bank supervision, Banking, Basel Core Principles, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Loans, Payment systems

Keywords: Bank supervision, Banking system, Basel Core Principles, Central bank, Commercial banks, Country risk, CR, Europe, Exchange rate, Foreign currency, ISCR, Loans, Monetary policy, Payment systems, U.S. dollar

Publication Details

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