News

In Georgia, growth projected to slow due to impacts of COVID-19

In Georgia, real GDP growth is projected to slow sharply, to close to zero percent in 2020, as the impacts of COVID-19 add to an already challenging external environment.

Supporting the Georgian food industry during the coronavirus pandemic

EBRD and EU help local poultry farm Chirina boost its capacity.

EBRD and Georgia step up cooperation during crisis

The EBRD has made available an emergency Solidarity Package of €1 billion for its existing clients across 38 economies, including clients in Georgia.

World Bank support to Georgia aims to sustain inclusive economic growth

The 45 million euro Economic Management and Competitiveness Development Policy Operation aims to support Georgia’s ongoing reforms in areas critical for inclusive economic growth, and will also help the country’s efforts to mitigate the economic impact of the #COVID19 pandemic.

World Bank supports Georgia’s human capital by helping enhance the quality of education

The Government of Georgia and the World Bank launched the Innovation, Inclusion and Quality (I2Q), a $102.7 million project aims to support investment in human capital through greater access to preschool education, and enhancements aimed at improving the quality education and the learning environment.

EBRD and partners deepen green finance in Georgia

Intensifying the effort to strengthen Georgia’s energy efficiency, the European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility for the country.

EBRD to finance additional green buses for Tbilisi

The European Bank for Reconstruction and Development (EBRD) is bringing an additional 200 modern, low-floor buses to Tbilisi in response to the ever-growing demand for public transport in Georgia’s fast-growing capital city.

ADB to help construct, improve part of Georgia’s East–West Highway

The Asian Development Bank (ADB) has approved a $278 million loan (in euro equivalent) to construct and rehabilitate about 30 kilometers of main and secondary roads between the towns of Shorapani and Argveta on Georgia’s East–West Highway, one of the country’s main trade and transport networks.

Georgia ranks 7th in the world for ease of doing business, says latest World Bank Study

For starting a business, for example, Georgia leads alongside with New Zealand in having the lowest number of procedures required, according to the World Bank’s Doing Business 2020 study “Comparing Business Regulation in 190 Economies.”

VP Shixin Chen visits Georgia, reaffirms ADB’s strong development support

Asian Development Bank (ADB) Vice-President Shixin Chen met with the Vice Prime Minister and Minister of Regional Development and Infrastructure Maya Tskitishvili and reaffirmed ADB’s commitment to support Georgia's’s economic and social development during his visit to the country.