Georgia and ADB
In the Spotlight
ADB and the Ministry of Economy and Sustainable Development of Georgia (MOESD) jointly organized the 2-day international investment forum, Georgia - Regional Hub and Asia's Gateway to Europe, in Tbilisi on 29-30 October 2014. Download the conference proceedings.
The International Finance Corporation, ADB, and the European Bank for Reconstruction and Development are helping Georgia tap its hydropower potential by investing in the construction and operation of the Shuakhevi hydropower plant. The project is the first hydropower project in Georgia certified by the United Nations Framework Convention on Climate Change for carbon emission reductions.
ADB has raised approximately $48.54 million from its first-ever sale of bonds denominated in Georgian lari to support development of the local capital market and smaller businesses in the regions of Georgia.
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.