TY - BOOK ID - 135888416 TI - Georgia : Technical Assistance Report-Operationalizing the New Bank Recovery and Resolution Framework. PY - 2023 SN - 9798400238505 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Georgia KW - Money and Monetary Policy KW - International Economics KW - Banks and Banking KW - Financial Risk Management KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - Financial Institutions and Services: Government Policy and Regulation KW - Financial Crises KW - Monetary economics KW - International institutions KW - Economic & financial crises & disasters KW - Monetary policy KW - International organization KW - Bank resolution framework KW - Financial crises KW - Bridge bank KW - Bank resolution KW - Crisis resolution KW - Crisis prevention KW - International agencies KW - Crisis management UR - https://www.unicat.be/uniCat?func=search&query=sysid:135888416 AB - This technical assistance report on Georgia focuses on operationalizing the new bank recovery and resolution frameworks. The economic environment has improved, as coronavirus disease, 2019 has been brought under control but there are new challenges emerging. Economic growth is strong, interest rates have risen, the exchange rate is historically high, and credit maintains a high growth rate. Increasing international commodity prices have contributed to rising inflation and inflationary expectations. The current mission reviewed the benchmarking analysis and acknowledged the significant work done by the resolution function. The benchmarking tool allowed a clear comparison of recovery options and scenarios among the different recovery plans. This will be important for the assessment while providing banks with useful feedback. The mission suggested further improvement for the benchmarking tool and advised keeping the instrument simple and scalable. The mission delivered a simulation to help the authorities’ benchmark their progress on resolution planning and preparedness. ER -