ANALYSIS OF TIGHTER LENDING REGULATIONS IN GEORGIA

In the past year, in response to rising levels of private debt, the National Bank of Georgia (NBG) enacted new regulations to curb excessive indebtedness. There were multiple waves of initiatives.

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Policy and Management Consulting Group (PMCG) is development consulting company, specializing in policy advising, capacity building, social infrastructure development, and corporate management. PMCG is primarily working in the regions of Eastern Europe, the Caucasus, Central Asia, the Middle East and Africa, with bilateral and multilateral development institutions, such as: USAID, European Commission, World Bank, UNDP, ADB, JICA and others.