Georgian Finance Minister meets with ADB new Country Director to deepen cooperation
Shane Rosenthal noted Georgia's progress in structural and economic reforms, and said that ADB continues to support Georgia. Photo: Ministry of Finance.
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Georgian Finance Minister Ivane Matchavariani has met with the Asian Development Bank’s (ADB) new Country Director for Georgia Shane Rosenthal to discuss Georgia’s priorities and the ADB’s contribution to the development of the Georgian economy.
The sides discussed Georgia’s strategy for the priorities of 2019-2023 which are deepening regional relationships, the development of the private sector, transport infrastructure, as well as deepening the cooperation with the ADB in education, professional development and public administration.
Shane Rosenthal noted Georgia's progress in structural and economic reforms, and said that ADB continues to support Georgia.
Shane Rosenthal joined ADB’s Georgia Resident Mission on 25 September.
I am delighted to be in Georgia…ADB’s partnership with Georgia is transforming in ways that suit the needs of a rapidly growing upper middle-income country. This includes financing and know-how for investments to underpin regional connectivity, close the skills gap, and make urban areas thrive. Closer engagement with the private sector clients is key”, said Shane Rosenthal.
ADB has supported Georgia since 2007 and is one of the largest development partners for Georgia.
As of today, loans to Georgia from ADB amount to $2.8 billion.
The Asian Development Bank (ADB) and Georgian government have signed off on a framework to expand trade and create jobs in Georgia.
The Asian Development Bank (ADB) has approved a $415 million loan to Georgia to build a new highway as part of the Kvesheti–Kobi Road Project. The 23-kilometer bypass road is part of the North South Corridor, which connects Georgia, Russia, Armenia and other countries.
The Asian Development Bank (ADB) raised 60 million GEL (about $21m/€18.70m) from two new issues of local currency bonds auctioned today in Georgia, announces the ADB.
The Asian Development Bank (ADB) is providing a $22.3 million loan and $500,000 in a technical assistance grant to Georgia’s Credo Bank to launch new products including home improvement and mortgage loans to lower income households in rural areas and on the outskirts of Georgia’s capital, Tbilisi.
Georgian Minister of Finance Ivane Matchavariani has met with Executive Director of the World Bank (WB) Koen Davidse in Washington to discuss economic issues and to further strengthen cooperation between the bank and the country.
Georgian Finance Minister Ivane Matchavariani has met with the president of Asian Development Bank (ADB) in Washington to discuss the economic development of Georgia and deepen cooperation between Georgia and ADB.
The Asian Development Bank (ADB) has approved a $278 million loan for Georgia to build and reconstruct 30 kilometres (km) of main and secondary roads between the towns of Shorapani and Argveta on Georgia’s East–West Highway.
In order to increase fiscal transparency Georgia is creating an electronic platform where Georgian citizens can see the priorities of budgetary spending in detail, and express their opinions and suggestions about the budget.
Georgian Finance Minister Ivane Matchavariani has been elected chairman of the board of governors of the Asian Development Bank for one year, announces the Ministry of Finance of Georgia.