ADB President Takehiko Nakao visits Georgia
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The President of Asia Development Bank (ADB) Takehiko Nakao is paying an official visit to Georgia on June 13-16.
This is the first visit of the ADB President to Georgia after cooperation was launched between Georgia and the bank, and is a clear confirmation of ADB's support for Georgia, announced Georgia’s Ministry of Finance.
The visit aims to deepen and expand cooperation between Georgia and the ADB.
Nakao already met Georgia’s acting Finance Minister Mamuka Bakhtadze yesterday along with the governor of the National Bank of Georgia, Koba Gvenetadze.
Meetings are also planned with acting Prime Minister Giorgi Kvirikashvili, acting Economy Minister, and President Giorgi Margvelashvili, acting Infrastructure Minister.
ADB high officials and Tbilisi Mayor Kakha Kaladze visiting Tbilisi University metro station. Photo: Tbilisi City Hall.
The aim of the meetings is Nakao to get familiar with the implemented and ongoing projects supported by the ADB.
Meanwhile, Nakao visited the new Tbilisi University metro station, which was financed by the ADB with $34 million.
Overall, the ADB is an important partner of Georgia. The ADB participates in reforms such as capital market development, pension reform, and private-public cooperation projects.
Georgia has been a member of the Asian Development Bank since 2007. As of today, the amount of funding allocated by ADB to Georgia is estimated at $2.4 billion.
The growth of Georgia’s economy is projected to reach 4.7 percent in 2019, following a dip to 4.5 percent in 2018, on strong investment and exports, says the Asian Development Bank (ADB).
The Asian Development Bank will fund the second phase of work on water supply, sanitation and wastewater treatment systems at Georgia’s ski resort of Gudauri.
Georgia’s Prime Minister Giorgi Kvirikashvili has met with Werner Liepach, the new Director General of the Asian Development Bank’s Central and West Asia Department of the Asian Development today.
Georgia and the Asian Development Bank (ADB) are celebrating 10 years of partnership today, marking this day with the opening of a new credit line worth €12 million. With the €12 million, provided by ADB today, Georgia will rehabilitate Tbilisi Metro in its capital city.
The Asian Development Bank (ADB) plans to increase its investment portfolio by over $1 billion in Georgia.
The Asian Development Bank (ADB) has raised Georgia’s 2018 growth forecast to 4.9 per cent from the April estimate of 4.5 per cent, reflecting strong growth in tourism and robust investment after an increase in business and investor confidence.