ADB's Work in Georgia
ADB Membership
Joined in 2007
Shareholding and Voting Power
Number of shares held:
36,243 (0.341% of total shares)
Votes:
75,357 (0.567% of total membership, 0.870% of total regional membership)
Overall capital subscription:
$501.18 million
Paid-in capital subscription:
$25.10 million
Located at the crossroads of Europe and Asia, Georgia is an important node for regional trade flows and has a unique geographic advantage for market integration with the rest of the world, including the European Union.
Old Town (Altstadt) is the historic city center of Tbilisi – Georgia's capital – boasting of old architecture, cobblestoned streets, and great finds.
The Government of Georgia has taken steps to deregulate the economy, streamline bureaucracy, and combat corruption. Committed to an inclusive growth process, the government has considerably increased social sector funding and made public expenditure transparent. Solid economic growth driven by the private sector is expected to support Georgia’s development and reduce the country’s poverty and unemployment.
ADB began its partnership with Georgia in 2007 and is one of the country’s largest multilateral development partners.