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Georgia and ADB

ADB's key development priorities in Georgia include fostering inclusive and sustainable economic growth, accelerating poverty reduction, and enhancing regional connectivity.

In the Spotlight

News Release

VP Shixin Chen Visits Georgia, Reaffirms ADB's Strong Development Support

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.

News from Country Offices

New ADB Country Strategy to Expand Trade, Drive Economic Growth in Georgia

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.

Publication

ADB and Georgia: Fact Sheet

ADB has partnered with Georgia since 2007 and is one of the country’s largest multilateral development partners. Download fact sheet

News Release

ADB Invests 19.5 Million Georgian Lari in Evex Hospitals' Local Currency Bond

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...

Economic Forecast

Rising external demand in 2018 kept growth unchanged despite lower fiscal spending. Inflation fell by more than half, and rapid tourism and export growth narrowed the current account deficit. Growth is projected to rise in 2019 with higher investment spending, then moderate slightly in 2020. Inflation will be slightly higher. Workforce skills must be improved to attract investment into more diverse and remunerative activities.


Poverty in Georgia

Development indicators for Georgia, including a selection of economic, environmental, and social indicators used globally to track progress toward the Sustainable Development Goals.


Results of ADB-Supported Operations, 2010-2018

Results achieved are aggregate amounts of outputs and outcomes from operations reported in project completion reports and extended annual review reports circulated for the year.


Projects Cofinanced, 2014-2018

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.


Project Performance, 2000-2018

ADB Projects in Georgia

Project Results

Project Result / Case Study

Pilot Application of IWA Water Balance Methodology

This pilot and demonstration activity will introduce the methodology in five countries representing the five regions of ADB’s operations and promote a standardized approach to measuring nonrevenue water, increasing capacity and adoption into respective operations.

Project Result / Case Study

Roads and Overland Travel Between Azerbaijan and Georgia

For years, the bad road stretching between the city of Gazakh in western Azerbaijan and the Georgian border has hampered the local economy. Farmers have faced high costs transporting produce to the nearby town of Ganja, the capital Baku, or to cities in Georgia. In a region famed for its natural beauty, sacred monuments and unique tea houses, precious tourist dollars have also been lost.

News

18 Dec 2019 | News from Country Offices

ADB Invests 19.5 Million Georgian Lari in Evex Hospitals' Local Currency Bond

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...

03 Dec 2019 | News from Country Offices

ADB Approves $15 Million Loan to Begin Improvement Work to Urban Environment in Georgia

ADB has approved a $15 million loan (in euro equivalent) to finance the preparation and design of a program that will help improve infrastructure and services in Georgia’s cities, as part of the bank’s strategy...

25 Nov 2019 | News from Country Offices

ADB Assists Bank of Georgia to Provide Supply Chain Financing to SMEs

ADB has provided a technical assistance grant to the Bank of Georgia, enabling it to offer working capital and other supply chain services to small and medium-sized enterprises (SMEs) in the country.

25 Nov 2019 | News Release

ADB Raises 85.05 Million Georgian Lari in Offshore Bond Market

ADB has raised 85.05 million lari ($28.6 million) from its first Georgian lari-denominated bonds issued in the offshore market.

Contact

Georgia Resident Mission (GRM) - Asian Development Bank (ADB)

1, G. Tabidze Street, Freedom Square, 0114 Tbilisi, Georgia

  Office Hours: 9:00 am to 6:00 p.m. (Monday to Friday)

  Tel +995 322 250619
  Email
  ADB-Georgia
  @adb_georgia