(AGENPARL) - Roma, 10 Gennaio 2023(AGENPARL) – mar 10 gennaio 2023 [IMF Country Reports](http://www.imf.org/external/pubs/cat/scr1_sp.aspx?s_year=1997&e_year=2012&brtype=default)
[Open in your browser](http://www.imf.org/en/Publications/CR/Issues/2023/01/10/Georgia-Technical-Assistance-Report-Operationalizing-the-New-Bank-Recovery-and-Resolution-528030?cid=em-COM-123-45945)
http://www.imf.org/en/Publications/CR/Issues/2023/01/10/Georgia-Technical-Assistance-Report-Operationalizing-the-New-Bank-Recovery-and-Resolution-528030?cid=em-COM-123-45945
[Country Report No. 2023/004 : Georgia: Technical Assistance Report-Operationalizing the New Bank Recovery and Resolution Framework](http://www.imf.org/en/Publications/CR/Issues/2023/01/10/Georgia-Technical-Assistance-Report-Operationalizing-the-New-Bank-Recovery-and-Resolution-528030?cid=em-COM-123-45945)
JANUARY 10, 2023
http://www.imf.org/en/Publications/CR/Issues/2023/01/10/Georgia-Technical-Assistance-Report-Operationalizing-the-New-Bank-Recovery-and-Resolution-528030?cid=em-COM-123-45945
In response to a request from the National Bank of Georgia (NBG), the Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) conducted a Technical Assistance (TA) mission between March 17 and April 20, 2022, which sought to support the operationalization of the bank recovery and resolution framework, building on recommendations from the 2021 Financial Sector Assessment Program (FSAP) for Georgia. In collaboration with the authorities, the mission identified several priority actions, including (i) reinforcing the NBG’s internal procedures for reviewing banks’ recovery plans; (ii) strengthening its resolution function and developing playbooks for the main resolution tools; (iii) clarifying the current crisis management escalation process; (iv) revising the credit hierarchy; (vi) introducing bank-specific targets for loss-absorbing capacity; (vii) performing a stock taking of contractual clauses in banks’ current subordinated and senior debt issuances; and (viii) undertaking further efforts to advance resolution planning.
[READ MORE](http://www.imf.org/en/Publications/CR/Issues/2023/01/10/Georgia-Technical-Assistance-Report-Operationalizing-the-New-Bank-Recovery-and-Resolution-528030?cid=em-COM-123-45945)
YOU MAY ALSO BE INTERESTED IN:
[COUNTRY INFO](http://www.imf.org/en/Countries)
[IMF VIDEOS](http://www.imf.org/external/mmedia/index.aspx)
[DATA TOOL](https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD)
[NEWS AND INTERVIEWS](http://www.imf.org/external/pubs/ft/survey/so/home.aspx)
[IMF BLOG](https://blog-imfdirect.imf.org/)
[F&D MAGAZINE](https://www.imf.org/external/pubs/ft/fandd/index.htm)
[EVENTS](https://www.imf.org/en/News/Seminars)
[PODCASTS](https://www.imf.org/en/News/Podcasts)
[NEWSLETTER](http://www.imf.org/newsletter)
FOLLOW US ON:
