Developing Asia Fastest Growing Region

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

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

Overview

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. 

Fast Facts

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

ADB Lending

Amount ($M) / %
Sector (No. of loans)
48.00 / 3.54
Energy (1)
 
125.00 / 9.21
Finance (4)
 
100.00 / 7.36
Public Sector (1)
 
676.80 / 49.85
Transport and ICT (8)
 
258.00 / 19.00
Water Supply (4)
 
150.00 / 11.05
Multisector (3)
 
1,357.80 / 100.00
TOTAL (21)
Cumulative as of 31 December 2013