Asian Development Bank President: ADB “proud to support major projects, policy reforms” in Georgia
Masatsugu Asakawa, the President of the ADB said the Bank was “proud to support major projects and policy reforms” in Georgia. Photo: Government Administration
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Masatsugu Asakawa, the President of the Asian Development Bank, on Wednesday said the Bank was “proud to support major projects and policy reforms” in Georgia during a meeting with Georgian Prime Minister Irakli Garibashvili.
Asakawa told Garibashvili the ADB planned to step up its support for Georgia’s development as it diversified its engagement with the country.
ADB is proud to support major projects and policy reforms that will deepen capital markets, transform state-owned enterprises, boost human capital, and enhance climate resilience”, Asakawa said.
The ADB said Asakawa also commended Georgia for its “active” role in promoting regional cooperation and integration through the Central Asia Regional Economic Cooperation Programme, a partnership of countries and development partners working together to promote sustainable development.
#ADBNews: @ADBPresident Masa Asakawa in a meeting today with Georgian Prime Minister @GharibashviliGe said the bank plans to step up its development support as it diversifies its engagement with the Caucasus nation. https://t.co/bGum5flhxV pic.twitter.com/hLyQeYCRrl
— Asian Development Bank (@ADB_HQ) November 29, 2023
The Bank added it was also committed to supporting Georgia’s transition to a green economy while fostering a “more resilient and inclusive” society.
This aligns with the Government’s Vision 2030 and its climate strategy and action plans”, the ADB said.
Asakawa on Thursday is scheduled to attend the 22nd CAREC Ministerial Conference, which is being held in Tbilisi for the first time.
Since Georgia joined ADB 2007, the Bank has provided public and private sector loans, grants, and technical assistance of about $4.7 billion.
Georgian Prime Minister Irakli Garibashvili on Wednesday discussed the current economic situation in the country and its fiscal and budgetary parameters with Masatsugu Asakawa, the President of the Asian Development Bank, during their meeting held in Tbilisi.
Masatsugu Asakawa, the President of the Asian Development Bank, on Tuesday arrived in Georgia, on his first official visit to the country, to participate in the Central Asian Regional Economic Cooperation Forum.
Georgian Finance Minister Lasha Khutsishvili and Lesley Bearman Lahm, the Asian Development Bank Country Director for Georgia on Friday signed a $48 million loan agreement for modernising the irrigation systems for agriculture in the country and supporting institutional reforms.
Lesley Bearman Lahm, the Country Director for Georgia at the Asian Development Bank, on Saturday said she was “proud” of the ADB’s cooperation with the Government of Georgia for the last 15 years, stressing the East-West highway project would strengthen the position of the country as a transit hub.
Georgian Prime Minister Irakli Garibashvili on Thursday addressed the 22nd Annual Central Asia Regional Economic Cooperation Ministerial Conference in the capital city of Tbilisi to highlight Georgia’s “unique” role in contributing to “shared regional prosperity” with its economic development.
Georgian Prime Minister Irakli Garibashvili on Thursday highlighted the “immense contribution” of the Asian Development Bank and the Central Asia Regional Economic Cooperation Programme to “numerous” projects and events implemented in the country.
Georgian Prime Minister Irakli Garibashvili on Thursday highlighted the country’s economic progress since the Covid pandemic at the Annual Central Asia Regional Economic Cooperation Ministerial Conference, telling the event the national economy had rebounded with a “double-digit” growth of over 10 percent over the past two years.
Masatsugu Asakawa, the President of the Asian Development Bank, on Thursday said the ADB was “ready to continue close cooperation” with Georgia in comments at the Annual Central Asia Regional Economic Cooperation Ministerial Conference in the Georgian capital city of Tbilisi.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Friday discussed current macroeconomic trends and questions of financial stability, as well as the body’s policy for controlling inflation during a meeting with Masatsugu Asakawa, the President of the Asian Development Bank.