The Chair of the Budget and Finance Committee, Irakli Kovzanadze held a meeting with the members of the Georgian Microfinance Association to discuss the Draft on Activity of Micro Banks.

The Association members expressed their positions and recommendations. As I. Kovzanadze noted. The proper development of the microfinance sector is crucial for the country.

“We are committed to considering the positions within the working format”, - he stated.

The Draft establishes a new financial institution oriented to the facilitation of the crediting of entrepreneurial and agricultural activity. Micro banks are to be part of the financial sphere under the supervision of the National Bank