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.
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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.
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 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) 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.
The Asian Asian Development Bank (ADB) has raised 85.05 million lari ($28.59/€25.65) from issuing Georgian lari denominated bonds on the offshore market on November 25, 2019.
The annual meeting of the Asian Development Bank (ADB) will be held in Georgia in May 2021, announced Georgian Finance Minister Ivane Matchavariani earlier today.
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.
The ADB is investing 19.5 million Georgian lari ($6.7 mln/€6. mln) in corporate bonds of JSC Evex Hospitals, the leading hospital provider in Georgia owned by the London Stock Exchange-listed Georgia Healthcare Group PLC.
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.