By the decision of the Council of Ministers of Foreign Affairs (CMFA) of the Organization of the Black Sea Economic Cooperation (BSEC), Georgia was elected as the lead country of the BSEC Banking and Finance Sectoral Group for a two-year term starting from July 1, 2026. With this status, Georgia will play a leading role in planning and coordinating the activities of the working group, including organizing its periodic meetings with the participation of banking and financial institutions of the member states.

This status will deepen Georgia’s multilateral cooperation with the central banks and financial institutions of the Black Sea basin countries, as well as facilitate the exchange of experience and best practices.

The main goal of the sectoral group is to promote close and mutually beneficial cooperation in the banking and financial sector among the BSEC member states. These include deepening the dialogue on issues of regulation, supervision and information exchange, initiating joint projects and developing development strategies.

"The leadership of the sectoral group of the Organization of the Black Sea Economic Cooperation emphasizes the country’s strategic role in the region and is important for deepening ties in the banking and financial sector. The status strengthens Georgia’s multilateral cooperation with the central banks and financial institutions of the Black Sea basin countries, which facilitates the exchange of experience and best practices in various areas", - said Natia Turnava, President of the National Bank.

The Organization of the Black Sea Economic Cooperation (BSEC) unites 13 countries. Among them, Turkey, Armenia, Azerbaijan, Bulgaria, Greece, Moldova, Romania, Serbia, etc.