Georgian PM, ADB President discuss positive economic trends, large-scale projects
The parties also emphasised the country partnership strategy of the ADB and Georgia for the years 2024–2028, which aims to promote sustainable development of the country. Photo via Government Administration
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Georgian Prime Minister Irakli Kobakhidze and Masatsugu Asakawa, the President of the Asian Development Bank, on Saturday discussed the positive economic trends and progress in Georgia, as well as large-scale projects aimed at strengthening the transit role of the country.
At the meeting, held on the sidelines of the 57th annual meeting of the ADB in Tbilisi, the sides highlighted the Bank’s “special support” to Georgia by financing strategically important fields, including infrastructure, energy and education both in the public and private sectors, with ADB having 1.9$ worth 16 active investment projects in the country.
The parties also emphasised the country partnership strategy of the ADB and Georgia for the years 2024–2028, which aims to promote sustainable development of the country, the Government Administration said.
Kobakhidze affirmed that his Government continued implementing the structural reforms and strategic projects.
The PM also stressed the significance of hosting the Bank’s annual meeting in Georgia and expressed gratitude to Asakawa for his visit.
Masatsugu Asakawa, the President of the Asian Development Bank, on Friday said the institution supported Georgia’s development as a regional hub in finance, climate, environment, sustainable energy and other areas.
Georgia has become a donor country of the Asian Development Fund for the first time after making a contribution to the Asian Development Bank’s $5 billion fund designated to support the most vulnerable populations in Asia and the Pacific.
The 57th annual meeting of the Asian Development Bank has been officially opened in the Georgian capital city of Tbilisi with nearly 70 events covering connectivity, climate change, capital market development, artificial intelligence and green globalisation.
Masatsugu Asakawa, the President of the Asian Development Bank, on Tuesday arrived in the Georgian capital city of Tbilisi to feature in the 57th annual meeting of the ADB, the Ministry of Finance said.