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In the monograph is an annual publication issued by the National Bank of Georgia (NBG). It presents an assessment of vulnerabilities and risks in the financial system, with a focus on the medium- to long-term structural features of the financial sector and the aspects of the Georgian economy that are of importance for financial stability. It also analyses the resilience of the domestic financial system and reviews the policies and measures undertaken by the Financial Stability Committee (FSC) in order to support financial stability.