Asian Development bank VP Shixin Chen visits Georgia, reaffirms ADB's strong development support
Thursday, October 24
“ADB’s partnership with Georgia has grown remarkably in recent years, addressing complex infrastructure priorities and laying a foundation for economic growth that is both inclusive and enduring,” said Mr. Chen. “ADB will focus on innovations and investments needed to address the skills gap and create jobs, develop thriving cities, and expand regional trade through greater connectivity.”
ADB has recently confirmed the 5-year partnership strategy with Georgia from 2019–2023 to support the government’s overall development strategy to increase productivity and reduce poverty through closer economic integration with its neighbors and the rest of the world.
During his visit, Mr. Chen visited the ADB-financed extension of the metro railway network in Tbilisi–University Metro Station, which serves 350,000 passengers per day.
Mr. Chen also attended the 3rd Tbilisi Silk Road Forum, a high-level gathering of policymakers, private sector partners, and community leaders to discuss issues on regional trade and connectivity. He participated in a plenary panel discussion, “Towards the Common Future: Understanding Stability and Sustainable Growth Patterns,” and provided the opening statement at the Silk Road Knowledge Dialogue, a side event organized by the Central Asia Regional Economic Cooperation (CAREC) Institute.
ADB has supported Georgia since 2007 and is one of the country’s largest multilateral development partners. ADB’s sovereign and nonsovereign assistance, including cofinancing, to Georgia to date total about $2.9 billion.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.
(Asian Development Bank)