Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

ADB to Help Extend Credit to Small Businesses in Georgia's Rural Regions

ADB has approved the first loan dedicated to small businesses in Georgia’s rural areas. Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. 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.

An interim operational strategy approved in 2008 guides ADB's investments in the country until a new country partnership strategy is launched.

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