ADB Expands Cooperation With Georgia

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The FINANCIAL — TBILISI, GEORGIA. The Asian Development Bank’s (ADB) Director General of the Central and West Asia Department, Sean O’Sullivan, met with officials from the Government of Georgia on 23-24 February to discuss ADB’s operations in the country. 

Mr. O’Sullivan met Prime Minister Giorgi Kvirikashvili; Minister of Finance and ADB Governor, Nodar Khaduri; Minister of Regional Development and Infrastructure, Nodar Javakhishvili; and Deputy Minister of Energy, Mariam Valishvili, to discuss the current and future partnership, according to ADB.

“ADB’s partnership with the government has been robust since Georgia joined ADB in 2007, with $1.9 billion in approved support to date and an active project portfolio of over $925 million,” said Mr. O’Sullivan. “ADB is ready to further deepen our partnership to support Georgia’s development.”

ADB commended the government’s efforts to utilize the country’s borrowing capacity in the most strategic and impact-oriented manner. ADB will continue to support those efforts through its country program, which focuses on water supply and sanitation, roads, urban transport and energy. ADB also works closely with the government to implement second- generation structural reforms, such as pension reforms, capital market development, and the establishment of an effective framework for public-private partnerships. 

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.

 

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