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Int'l banking conference opens in Tbilisi

Georgia Materials 26 June 2009 13:09 (UTC +04:00)

Georgia, Tbilisi, June 26 / Trend , N. Kirtskhalia/ International Bank Conference opened in Georgia today. Georgian Prime Minister Nika Gilauri opened the conference.

"This conference is dedicated to finding solutions to global economic crisis which has affected all countries including Georgia. We must together seek ways that will enable us to overcome effects of the crisis and our conference must play role in this," Prime Minister said in his remarks.

The conference is organized by National Bank of Georgia with support of the U.S. Agency for International Development (USAID) and the Asian Development Bank (ADB). The focus of the conference, which will be held June 26-27 in Tbilisi Hotel Tbilisi Merriott, is modern role of central banks in countries with small open economies.

The conference is attended by heads of central banks from over 20 countries, representatives of international financial organizations and leading universities. Professor at Columbia University and Nobel Laureate Robert Mandela, who will deliver a keynote speech, will be among them.

Such large-scale conference related to the banking sector is held in Georgia for the first time. Its importance is further intensified by financial and economic situation in the world as financial crisis has also affected Georgia.

Conference participants will consider the impact of the global economic crisis on countries with small economies and the specific activities to address the consequences and the role of central banks to overcome the crisis, their future plans and priorities.

Representatives of diplomatic corps and international organizations accredited in Georgia, representatives of public and private sectors, senior officials of the commercial banks in Georgia will participate.

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