Regional : Supporting Economic Corridor Development in Armenia and Georgia to Enhance Trade and Competitiveness
The knowledge and support technical assistance (TA) will facilitate the development of a comprehensive scoping study and economic corridor framework to support the Economic Corridor Development in Armenia and Georgia (ECD-AG) to mainly enhance trade and competitiveness of Armenia and Georgia. ECD-AG is key to these countries as it will not only increase their bilateral trade, but also strengthen their economic linkages to the regional and global economies. Moreover, it will also help the governments prioritize their industrial developments to be in line with the economic corridors developed under the Belt and Road Initiative (BRI) and other programs in the Eurasian region.
Project Details
-
Project Officer
Rosbach, Kristian
Central and West Asia Department
Request for information -
Country/Economy
Regional -
Sector
- Industry and trade
- Project Name
- Supporting Economic Corridor Development in Armenia and Georgia to Enhance Trade and Competitiveness
- Project Number
- 54232-001
- Country / Economy
- Regional
- Armenia
- Georgia
- Project Status
- Active
- Project Type / Modality of Assistance
- Technical Assistance
- Source of Funding / Amount
TA 6589-REG: Supporting Economic Corridor Development in Armenia and Georgia to Enhance Trade and Competitiveness Source Amount Regional Cooperation and Integration Fund US$ 700,000.00 - Operational Priorities
- OP2: Accelerating progress in gender equality
- OP6: Strengthening governance and institutional capacity
- OP7: Fostering regional cooperation and integration
- Sector / Subsector
Industry and trade / Industry and trade sector development
- Gender
- Some gender elements
- Description
- The knowledge and support technical assistance (TA) will facilitate the development of a comprehensive scoping study and economic corridor framework to support the Economic Corridor Development in Armenia and Georgia (ECD-AG) to mainly enhance trade and competitiveness of Armenia and Georgia. ECD-AG is key to these countries as it will not only increase their bilateral trade, but also strengthen their economic linkages to the regional and global economies. Moreover, it will also help the governments prioritize their industrial developments to be in line with the economic corridors developed under the Belt and Road Initiative (BRI) and other programs in the Eurasian region.
- Project Rationale and Linkage to Country/Regional Strategy
- Economic corridor development (ECD) has contributed to and been influenced by regional and global trade and market integration, and its expansion has been driven by rapid increases in global production networks and global value chains. ECD has key features of spatial economic development characterized by economies of scale, agglomeration, diversification, and specialization. It includes infrastructure, industrial and urban developments to better connect producers and consumers though economic networks. It is often seen as a spatial economic development tool to facilitate more investment, production and trade. Successful ECD requires quality hard and soft infrastructures, strong trade facilitation, political commitment and the right policy incentives.
- Impact
integrated economic development through higher and more diversified growth in line with the aspirations of the governments of Armenia and Georgia
Project Outcome
- Description of Outcome
stronger analytical base for developing economic corridors resulting in greater economic cooperation and integration between Armenia, Georgia, and other countries in the region
- Progress Toward Outcome
Implementation Progress
- Description of Project Outputs
Scoping study on potential industries and planning for industry sector prioritization in line with ECDAG conducted
ECDAG framework prepared
Trade competitiveness improvement framework developed
Strategic Policy Note on ECD-AG prepared
- Status of Implementation Progress (Outputs, Activities, and Issues)
- Geographical Location
- Armenia - Nation-wide; Georgia - Nation-wide
Summary of Environmental and Social Aspects
- Environmental Aspects
- Involuntary Resettlement
- Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
- During Project Design
- During Project Implementation
Contact
- Responsible ADB Officer
- Rosbach, Kristian
- Responsible ADB Department
- Central and West Asia Department
- Responsible ADB Division
- Regional Cooperation and Integration Unit, CWRD (CWRC)
- Executing Agencies
-
Asian Development Bank
Timetable
- Concept Clearance
- 14 May 2020
- Fact Finding
- 11 Jun 2020 to 09 Sep 2020
- MRM
- -
- Approval
- 31 Oct 2020
- Last Review Mission
- -
- Last PDS Update
- 10 Nov 2020
Funding
TA 6589-REG
| Approval | Signing Date | Effectivity Date | Closing | ||
|---|---|---|---|---|---|
| Original | Revised | Actual | |||
| 31 Oct 2020 | - | 31 Oct 2020 | 31 Oct 2022 | 30 Oct 2025 | - |
| ADB | Cofinancing | Counterpart | Total | |||
|---|---|---|---|---|---|---|
| Gov | Beneficiaries | Project Sponsor | Others | |||
| 700,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 700,000.00 |
| Date | Amount |
|---|---|
| 10 May 2024 | 381,632.54 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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| Title | Document Type | Document Date |
|---|---|---|
| Supporting Economic Corridor Development in Armenia and Georgia to Enhance Trade and Competitiveness: Technical Assistance Report | Technical Assistance Reports | Oct 2020 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
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Related Publications
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