Georgia’s Finance Minister, ADB President discuss growth of bank’s portfolio

Georgia’s Finance Minister Mamuka Bakhtadze met with the President of Asian Development Bank (ADB) Takehiko Nakao at the 51st Annual Meeting of ADB in Manila, the Philippines.

We had a very fruitful meeting with the President of Asian Development Bank. ADB is one of the largest donor organisations for our economy. About $250 million is invested annually in the infrastructure of Georgia through the bank. We have discussed the possibility of growing the ADB portfolio in Georgia in order to enable the funding of more infrastructure projects in the country”, said Bakhtadze

We welcome the fact that the Asian Development Bank participates in other reforms of Georgia, including capital market development reform, pension and education reform”, he added.

I had a very productive meeting with the #president of @ADB_HQ . #Adb is one of the largest #donor organizations for our #economy. We explored the possibility of expanding the size of investment in #Georgia so that more projects can be financed in different fields of our economy.

— Mamuka Bakhtadze (@BakhtadzeMamuka) May 3, 2018

Georgia has been a member of the Asian Development Bank since 2007. With the financial support of the ADB, projects are implemented in both the state and private sectors of Georgia.

As of today, the amount of funding allocated by ADB to Georgia is estimated at $2.4 billion.