ADB Approves $21.02 Billion in Financing in 2013

The substantial lending volume reflects Asia’s continued need for development assistance, despite impressive growth and poverty reduction efforts in recent years. Read More

Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Results of ADB-supported Operations: Georgia

In the 5 years since operations began in Georgia, the close partnership between ADB, the government, and development partners has seen significant progress made in the development of key sectors of the small nation strategically located at the crossroads of Europe and Asia. Read More

Overview

Georgia is a small, open economy, strategically located at the crossroads of Europe and Asia. It is an important nodal point for regional trade flows. Since 2003, the government has implemented far-reaching reforms to deregulate the economy, remove bureaucratic barriers, and combat corruption, while strengthening transparency and accountability.

ADB's country operations business plan (COBP), 2014-2016, for Georgia supports the government's medium-term development strategy and its core sector strategies in transport, power, and urban services.

Fast Facts

4.50 (2012)
Population in millions

0.7% (2010-2012)
Annual population growth rate

23.0% (2011)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
48.00 / 4.15
Energy (1)
 
95.00 / 8.21
Finance (3)
 
100.00 / 8.64
Public Sector (1)
 
603.80 / 52.20
Transport and ICT (7)
 
160.00 / 13.83
Water Supply (3)
 
150.00 / 12.97
Multisector (3)
 
1,156.80 / 100.00
TOTAL (18)
Cumulative as of 31 December 2012