Georgia and ADB
In the Spotlight
ADB is providing an aggregate of $130 million in loans and $1.05 million in technical assistance grants to three financial institutions to support micro, small and medium-sized enterprises (MSME) and farmers, helping them to raise income levels and employment in Georgia.
ADB plans to support Georgia’s government to enhance private sector competitiveness, increase access to finance, improve water and sanitation as well as power systems, and strengthen public sector management.
ADB Country Director for Georgia, Yesim Elhan-Kayalar said she will strive to enhance ADB's support for Georgia to foster inclusive and sustainable growth, and to strengthen regional connectivity.
ADB has approved a $75 million loan to assist government reforms aimed at increasing savings and domestic resources and creating investment opportunities to address inequality of income.
Located at the crossroads of Europe and Asia, Georgia has become an important nodal point for regional trade flows. Over the past decade, the government has taken steps to deregulate the economy, streamline bureaucracy, and combat petty corruption. Yet, despite solid economic growth, widespread poverty and high levels of unemployment persist.
ADB's country partnership strategy (CPS), 2014-2018 for Georgia seeks to foster inclusive economic growth, while enhancing regional connectivity and ensuring environmentally sustainable growth.
Projects in Georgia
No projects in this category were found.