By decision of the Council of Ministers of Foreign Affairs of the Organisation of the Black Sea Economic Cooperation (BSEC), Georgia has been elected to chair the BSEC Working Group on Banking and Finance for a two-year term, effective from July 1, 2026.

According to the National Bank of Georgia (NBG), in this role, Georgia will lead planning and coordination of the working group’s activities, including convening its periodic meetings with participation from banking and financial institutions from member states.

“This appointment deepens Georgia’s multilateral cooperation with the central banks and financial institutions of the Black Sea basin countries, whilst also facilitating the exchange of institutional expertise and best practices.

The working group must foster close, mutually beneficial cooperation among BSEC member states in the banking and financial sectors. This includes deepening dialogue on regulatory, supervisory, and information-sharing matters, initiating joint projects, and formulating development strategies.

Assuming the chairmanship of this BSEC working group underscores our country’s strategic role in the region and is crucial for deepening ties within the banking and financial sectors. This status reinforces Georgia’s multilateral cooperation with central banks and financial institutions across the Black Sea basin, driving the exchange of experience and best practices across various disciplines,” stated the Governor of the National Bank of Georgia, Natia Turnava.

The Organisation of the Black Sea Economic Cooperation (BSEC) comprises 13 member states, including Turkey, Armenia, Azerbaijan, Bulgaria, Greece, Moldova, Romania, and Serbia.