Tbilisi (GBC) - Governor of the National Bank of Georgia, Natia Turnava, took part in the Pension Agency’s 2024 Investment Results Summary Event.
In her speech, Turnava highlighted the importance of Georgia’s accumulative pension reform, describing it as a major step forward in ensuring both the social security of Georgian citizens and the country’s economic stability.
She also emphasized the expanding supervisory role of the National Bank of Georgia, which, starting May 1, 2025, will oversee not only the investment activities of the Pension Fund but also its administrative, operational, and other functions.
“Our primary objective as a supervisor is to establish a reliable regulatory environment that ensures the security and effective management of pension fund participants’ savings. The Pension Agency has successfully fulfilled its legal obligations to date, and we are confident that this positive trend will continue,” said Turnava.
As part of the event, the Pension Agency hosted panel discussions on key topics related to investment governance. One such panel, “Good Governance Framework,” featured Ekaterine Mikabadze, First Vice Governor and a Board Member of the National Bank of Georgia, who spoke about the importance of effective governance.
Notably, the assets of the Pension Fund now exceed GEL 6 billion, with investment returns surpassing GEL 1.4 billion-a testament to the fund’s investment activities.