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Tag Archives: ADB

ADB Sells €600 Million 7-Year Green Bond to Spur Climate Financing

 The Asian Development Bank (ADB) has raised €600 million to help finance climate change mitigation and adaptation projects with the issue of a 7-year green bond. “Since the inaugural US dollar denominated green issue in 2015, ADB has steadily expanded its green bond offerings, having pioneered the dual-tranche format for …

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ADB Boosts Responsiveness and Flexibility with New Products

The Asian Development Bank’s (ADB) Board of Directors approved a set of new products and modalities—including quick release project readiness financing, policy-based guarantees, and financing facilities to support public-private partnership (PPP) and small expenditure financing. “ADB’s new products and modalities will support implementation of the forthcoming Strategy 2030, by expanding …

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Emerging East Asian Bond Yields Rise Amid Brightening Global Outlook

Bond yields in most emerging East Asian markets trended upward between 1 March and 31 May on the back of an expanding global economy and ongoing US monetary policy normalization, according to a new report by the Asian Development Bank (ADB). The latest issue of the Asia Bond Monitor reports that government …

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ADB President, UNIDO Director General Discuss Deepening Collaboration

Asian Development Bank (ADB) President Mr. Takehiko Nakao and the United Nations Industrial Development Organization (UNIDO) Director General Mr. Li Yong met at ADB headquarters and discussed strengthened collaboration as ADB moves toward finalizing its long-term Strategy 2030. In their discussions, Mr. Nakao and Mr. Li emphasized the importance of …

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Travel Time of Batumi-Tbilisi Shrank by 30 Minutes

Road Infrastructure Projects to Hit 4.5 billion GEL in 2018

The construction of the second section of Kobuleti bypass road was completed for the tourist season and 18 kilometer road was put into operation. The transit movement has moved on to the new road from Kobuleti seaside. The new road will increase travel time from Tbilisi to Batumi by 20-30 …

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ADB Ranked First on Aid Transparency among Development Organizations

The Asian Development Bank (ADB) ranked first in the 2018 Aid Transparency Index (ATI), an independent measurement of aid transparency spearheaded by British nongovernment organization Publish What You Fund, launched today at the Brookings Institution in Washington, D.C. This is the first time that ADB ranked No. 1 in the ATI, which …

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Takehiko Nakao President of Asian Development Bank Visits Georgia

President of Asian Development Bank, Mr.Takehiko Nakao visits Georgian capital Tbilisi. Mr.Nakao met with ex minister of finance of Georgia Mamuka Bakhtadze yesterday and the president of National Bank of Georgia, where parties discussed current and upcoming projects, evaluated success of cooperation and talked about ADB’s importance on Georgian economy. …

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ADB Grows Investments for Developing Georgia’s Transit and Tourism Potential

Asian Development Bank (ADB) plans to increase investments volume in Georgia and participate in developing such directions as transit and tourism potential. ADB will finance a construction of 24-kilometer road of Kvesheti-Kobi, which is a part of Mtskheta-Stepantsminda motorway. The project calls for building a 9-kilometer tunnel. It should be …

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Asian Development Bank Expects GDP Growth to 4.5% in Georgia

Asian Development Bank (ADB) expects Georgia’s GDP growth to mark 4.5% in 2018 and 4.7% in 2019. The 2018 growth will be lower compared to 2017, the ADB report reads. “Coming reforms in pension system and capital market will encourage investments and savings. Forecast worsening risk is related to expected …

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ADB to Join Kakheti Railway Restoration Project

Kakheti railway infrastructure restoration project will be developed by 2019, Kakheti Governor Irakli Kadagishvili told the Business Course. “This railway will serve both local residents and tourists. Part of the railway crosses vineyards and this is very interesting factor. International experience also exists – tourism combined with railway. Railway infrastructure …

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