Georgia and ADB
In the Spotlight
ADB is providing a $75 million loan to the Government of Georgia to support a reform program to help strengthen its finances and support inclusive growth.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
This working document on Georgia’s transport sector examines the development issues, needs, and strategic assistance priorities of the sector in the country.
The Key Indicators for Asia and the Pacific 2014 presents the latest available economic, financial, social, and environmental statistics for the 48 regional members of ADB. Download the statistical tables for Georgia.
As a small, open economy strategically located at the crossroads of Europe and Asia, Georgia is an important nodal point for regional trade flows. Over the past decade, the government has implemented far-reaching initiatives to deregulate the economy, streamline bureaucracy, and combat petty corruption. The government’s priority going forward is more sustainable and inclusive economic growth, with a specific focus on macroeconomic stability and effective public administration, private sector competitiveness, human resource development, and promoting access to finance.
The key development priorities of ADB in Georgia are inclusive economic growth and accelerated poverty reduction.
4.48(2013) Population in millions
0.5%(2008-2013) Average annual population growth rate
22.4%(2012) Population living below the national poverty line