Georgia and ADB
In the Spotlight
ADB has supported the modernization and expansion of Georgia’s East–West Highway, which has enhanced Georgia’s positioning as a logistics hub. ADB and Georgia have also worked together to expand renewable energy resources and upgrade the country’s power transmission network.
Georgia is improving water supply and sanitation services in its provincial towns. ADB is supporting the government program through a series of loans worth $500 million. The program will bring 24/7 water to more than 335,000 people across the country.
New high-voltage facilities like the Marneuli 500 kV substation near Tbilisi are preparing the ground for Georgia's planned boost in hydropower generation and green energy exports to neighboring countries. Georgia's power development plan includes 60 energy transmission projects across the country over 10 years.
The new country operations business plan will support the Government of Georgia to improve internal and regional market connectivity to enhance private sector competitiveness and broaden access to economic opportunities, among other things.
Located at the crossroads of Europe and Asia, Georgia has become an important node for regional trade flows. The Government of Georgia has taken steps to deregulate the economy, streamline bureaucracy, and combat corruption. Committed to a more inclusive growth process, the government has considerably increased social sector funding and made public expenditure transparent. Yet, despite solid economic growth, poverty and unemployment continue to impede Georgia’s development.
The key development priorities of ADB in Georgia are to foster inclusive and sustainable economic growth, accelerate poverty reduction, and enhance regional connectivity. Priority sectors include transport, water supply and sanitation, energy, public sector management, and finance.
In October 2016, Georgia became the 11th member of the Central Asia Regional Economic Cooperation (CAREC).
Projects in Georgia