Georgia: Georgia Investment Forum

Sovereign Project | 46301-001

Summary

The Asian Development Bank (ADB) and The Ministry of Economy and Sustainable Development of Georgia (MOESD) are jointly organizing a two day Georgia Investment Forum (the Forum) in Tbilisi, Georgia on 29-30 October 2014. The Forum is expected to gather private sector stakeholders and government officials from ADB member countries to disseminate knowledge about Georgia's investment opportunities and reform initiatives to improve its business environment. The Forum will be attended by about 300 guests including high ranking government officials, private sector representatives and speakers from ADB member countries and others. About 100 guest will be invited from countries other than Georgia and will require travel and accommodation arrangements.

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Project Name Georgia Investment Forum
Project Number 46301-001
Country Georgia
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8137-GEO: Georgia Investment Forum
Technical Assistance Special Fund US$ 170,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Industry and trade - Industry and trade sector development

Gender Equity and Mainstreaming
Description The Asian Development Bank (ADB) and The Ministry of Economy and Sustainable Development of Georgia (MOESD) are jointly organizing a two day Georgia Investment Forum (the Forum) in Tbilisi, Georgia on 29-30 October 2014. The Forum is expected to gather private sector stakeholders and government officials from ADB member countries to disseminate knowledge about Georgia's investment opportunities and reform initiatives to improve its business environment. The Forum will be attended by about 300 guests including high ranking government officials, private sector representatives and speakers from ADB member countries and others. About 100 guest will be invited from countries other than Georgia and will require travel and accommodation arrangements.
Project Rationale and Linkage to Country/Regional Strategy The expected impact is increased economic engagement between Georgia and ADB-member countries in Asia, including regional DMCs. The outcome is increased knowledge of Georgia's business environment, policy reforms, and investment opportunities among the private sector and government participants and other attending stakeholders. The expected outputs to achieve the outcome include (i) a successfully launched Forum with strong participation by private sector representatives and government officials from ADB member countries; and (ii) complete presentations, sector reviews and other knowledge products containing comprehensive information on Georgia's macroeconomic and business environment, investment and PPP opportunities in key sectors.
Impact Increased economic engagement between Georgia and ADB-member countries in Asia.
Project Outcome
Description of Outcome Increased knowledge of Georgia's business environment, policy reforms, and investment opportunities among the private sector, government participants and other attending stakeholders.
Progress Toward Outcome Too early to report. The Georgia Investment Forum preparatory work is ongoing.
Implementation Progress
Description of Project Outputs

A successfully launched Forum with strong participation by private sector representatives and government officials from ADB member countries;

Complete presentations, sector reviews and other knowledge products containing comprehensive information on Georgia's macroeconomic and business environment, investment and PPP opportunities in key sectors.

Paper on the role of regional trade hubs.

Status of Implementation Progress (Outputs, Activities, and Issues) Too early to report. Negotiation with the government on the timeline and detailed scope of the TA is ongoing.
Geographical Location Tbilisi
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design No stakeholder participation or consultation
During Project Implementation No stakeholder participation or consultation
Business Opportunities
Consulting Services Local event management company.
Procurement The Asian Development Bank (ADB) and the Ministry of Economy and Sustainable Development of Georgia (MOESD) are jointly organizing a two day Georgia Investment Forum (the Forum) in Tbilisi, Georgia on 29-30 October 2014. The Forum is expected to gather private sector stakeholders and government officials from ADB member countries to disseminate knowledge about Georgia''s investment opportunities and reform initiatives to improve its business environment. The Forum will be attended by about 300 guests including high ranking government officials, private sector representatives and speakers from ADB member countries and others. About 100 guest will be invited from countries other than Georgia and will require travel and accommodation arrangements. ADB has engaged a qualified local event management company to provide services described in the terms of reference for the event.
Responsible ADB Officer Sohail Hasnie
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Georgia Resident Mission
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 12 Jul 2012
Last Review Mission -
Last PDS Update 01 Oct 2014

TA 8137-GEO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Jul 2012 - 12 Jul 2012 31 Dec 2012 30 Nov 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
170,000.00 0.00 0.00 0.00 0.00 0.00 170,000.00 12 Jul 2012 102,787.76

Safeguard Documents

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Evaluation Documents

See also: Independent Evaluation

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