Georgia and ADB
In the Spotlight
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ADB President Visits Georgia, Reaffirms Commitment to Expand Partnership
ADB President Nakao announced that ADB plans to mobilize over $1.2 billion in financing during 2019–2021, including support for two flagship projects of the government: the development of the East-West and the North-South transport and economic corridors.
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ADB Water Assistance Works: Just Ask Georgian Housewife Tamara Makhviladze
Georgia and ADB have worked together since 2007 to deliver infrastructure and services that benefit all.
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Road Asset Management Best Practices in Central Asia
This publication compiles the best practices for the introduction and development of road asset management based on a desk review of the experiences in the 11 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, including Georgia.
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ADB, Georgia Sign Loan for Tbilisi Metro Improvement Project
ADB and the Government of Georgia signed a $14.27 million loan agreement to upgrade and improve the Tbilisi metro, which currently benefits over 300,000 commuters daily.
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).
Latest
Lack of trust in the financial sector is a problem in the economies in Central Asia and the South Caucasus (CASC).
Overview of Financial Inclusion, Regulation, Financial Literacy, and Education in Central Asia and South Caucasus
ADB Raises 2018 Growth Forecast for Georgia to 4.9%
ADB raised Georgia’s 2018 growth forecast to 4.9% from the April estimate of 4.5% reflecting strong growth in tourism and robust investment after an increase in business and investor confidence.
ADB $300 Million Loan to Build New Section of Georgia's East–West Highway
ADB's Board of Directors has approved a $300 million loan to finance the construction of a four-lane, 12-kilometer (km) road on the East–West Highway (EWH) between Khevi and Ubisa in Georgia.
Projects in Georgia
Approved/Active
- Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions
- Water Supply and Sanitation Service Improvement Project
- Preparing the Second Domestic Resource Mobilization Program
- East-West Highway (Khevi-Ubisa Section) Improvement Project
- Capacity Building for Grievance Redress and Dispute Resolution During Project Implementation
Closed
- Improving Domestic Resource Mobilization for Inclusive Growth Program (Subprogram 3)
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2016 (Subproject 1)
- Improving Domestic Resource Mobilization for Inclusive Growth Program (Subprogram 2)
- Support for Silk Road Forum
- Improving Domestic Resource Mobilization for Inclusive Growth
