Georgian Finance Minister, ADB President meet to strengthen ties

As of today, the Asian Development Bank  has invested about $2.4 billion in Georgia. Photo: Ministry of Finance., 18 Oct 2019 - 18:11, Tbilisi,Georgia

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.

Georgia has the opportunity to be in a very important place in deepening the trade and economic relations between Europe and Asia”, said President of the Asian Development Bank Takehiko Nakao.

The sides discussed priorities for Georgia based on the 2019-2023 strategy which concerns the development of the private sector, strengthen transport infrastructure, urban development and deepen regional relations.

At the meeting the ADB’s role in Georgian economic development was also discussed in the education sector and in the fields of professional development and public management.

Last year, I have been in Georgia…the country impressed me by its special effort in improving the business environment”, said Takehiko Nakao.

The Asian Development Bank is one of the key economic partners for Georgia. As of today, it has invested about $2.4 billion in Georgia.

Matchavariani is taking part in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in the US.

The meetings will also feature discussions about the projects and programmes in Georgia with the financial support of international financial organisations, as well as prospects for future cooperation.