Asian Development Bank Expands Cooperation in Georgia
TBILISI - The Asian Development Bank’s (ADB) Director General for Central and Western Asia Department, Sean O’Sullivan, met with officials from the Government of Georgia on 23rd – 24th February to discuss ADB’s operations in the country.
ADB commended the government’s efforts to utilize the country’s borrowing capacity in the most strategic and impact-oriented manner. ADB will continue to support those efforts through its country program, which focuses on water supply and sanitation, roads, urban transport and energy.
“ADB's partnership with the government has been robust since Georgia joined ADB in 2007, with $1.9 billion in approved support to date and an active project portfolio of over $925 million,” O’Sullivan stated. “ADB is ready to further deepen our partnership to support Georgia's development.”
ADB also works closely with the government to implement second- generation structural reforms, such as pension reforms, capital market development, and the establishment of an effective framework for public-private partnerships.
O’Sullivan met Prime Minister Giorgi Kvirikashvili; Minister of Finance and ADB Governor, Nodar Khaduri; Minister of Regional Development and Infrastructure, Nodar Javakhishvili; and Deputy Minister of Energy, Mariam Valishvili, to discuss the current and future partnership.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.