In the Spotlight
ADB President Masatsugu Asakawa and Georgia’s Minister of Finance Ivane Matchavariani discussed how ADB can support Georgia in its fight against the COVID-19 pandemic. Georgia is experiencing a dual shock from the direct impact of the pandemic and indirect effects of lower oil prices. The impact will be particularly severe on tourism and other services.
ADB Vice-President Mr. Shixin Chen met with the Vice Prime Minister and Minister of Regional Development and Infrastructure Ms. Maya Tskitishvili and reaffirmed ADB’s commitment to support the country’s economic and social development.
The 5-year partnership strategy, from 2019–2023, supports the Government of Georgia’s overall development strategy to increase productivity and reduce poverty through closer economic integration with its neighbors and the rest of the world.
ADB is investing 19.5 million Georgian lari (in US dollar equivalent) in JSC Evex Hospitals’ local currency corporate bond issuance. The proceeds of the issuance, combined with the company’s internal accrual, will...