Georgia and ADB
In the Spotlight
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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.
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Georgia, ADB celebrate 10 years of partnership
Georgia and ADB became partners in 2007. Today, ADB is one of Georgia’s largest multilateral development partners, with an active portfolio of more than $2.4 billion in development assistance. Download infographic
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
ADB President Visits Georgia, Reaffirms Commitment to Expand Partnership
ADB President Mr. Takehiko Nakao met with President of Georgia Mr. Giorgi Margvelashvili and Minister of Finance and ADB Governor Mr. Mamuka Bakhtadze during a 3-day visit to the country.
Georgia is outperforming developing Eastern European and Central Asian countries in terms of access to finance but is very much behind in terms of usage of financial products and technologies.
Financial Inclusion, Financial Literacy, and Financial Education in Georgia
Opening Remarks at the CAREC High-Level Session on New Opportunities for Regional Cooperation – Wencai Zhang
Opening remarks by ADB Vice-President Wencai Zhang at the CAREC High-Level Session on New Opportunities for Regional Cooperation: The Potential of CAREC–BRI Collaboration on 3 May 2018 in Manila, Philippines.
