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Tag Archives: ADB

Minister of Finance Discusses Ongoing Projects of Asian Development Bank

ADB Georgia

Georgian Finance Minister Dimitri Kumsishvili and Asian Development Bank (ADB) representative Ieshim Elhan Kaialar discussed Georgia-ADB ongoing projects and future cooperation directions. Regional Development Minister Zurab Alavidze has also taken part in the meeting. At the meeting Dimitri Kumsishvili overviewed ADB-supported  ongoing investment projects and stressed their importance for infrastructural …

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ADB, Georgia Sign Loans For Water and Sanitation Improvement Projects

The Asian Development Bank (ADB) and the Government of Georgia have signed a $99 million ADB loan to upgrade water supply, sewerage, and sanitation systems for nearly 62,000 households in the secondary towns of Marneuli, Bolnisi, and Chiatura. “The project will help meet the growing demand for reliable, safe water …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: ADB approved two funding channels for Azerbaijan amounting to US$ 1.5bn Asian Development Bank (ADB) will provide US$ 1.0bn in private and public sector assistance to expand Azerbaijan’s Shah Deniz II gas field. The assistance comprises …

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Construction of Marneuli-500 Substation Has Completed

Marneuli 500

The construction of the Marneuli-500 Substation, equipped with modern technology, is completed to improve significantly the provision of power supply to Tbilisi and Kvemo Kartli. This project is implemented by the Georgian State Electro System under the Transmission Grid Strengthening Project financed by the Asian Development Fund (ADB). The value …

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ADB Keeps Azerbaijani Economy Growth Forecast for 2017

ADB Keeps Azerbaijani Economy Growth Forecast for 2017

The Asian Development Bank (ADB) expects Azerbaijani economy to grow in 2017 by 1 percent, according to an updated ADB report. The new forecast is the same as in the previous ADB report. The ADB also predicts a 2.5-percent reduction in Azerbaijan’s economy in 2016 as compared to the 1-percent decline …

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ADB to Help Georgia Boost Domestic Resources for Inclusive Growth

The Asian Development Bank (ADB) has approved a $100 million loan to help the government better mobilize domestic resources to address limited availability of finance for small businesses–a critical obstacle to inclusive economic development–and increase access to long term finance on 31 August. The program agreements were signed by the …

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ADB Sells 64 Million Georgian Lari Bond to Lift Microenterprises

The Asian Development Bank (ADB) has raised GEL64 million (approximately $30 million) from a Georgian lari denominated bond sale to support development of the local capital market and microenterprises in Georgia. “Microenterprises play a critical role in employment creation in Georgia and getting better access to bank financing will help …

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ADB to Issue Bonds of 64 million GEL

Asian Development Bank (ADB) will announce about placement of bonds of 64 million after EBRD’ s emission of 107 million GEL. Galt & Taggart actively works on the process, which has successfully made public issuance of 107 million by EBRD on June 17. The attracted GEL will be spent on …

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Georgia’s External Debts Declined by 28 million USD in May

Georgia's External Debts Declined by 28 million USD in May

Georgia’s external debts marked 4.394 billion USD as of June 1, 2016. According to the report by the Ministry of Finance, Georgia’s external debts declined by 28 million USD month on month, but increased by 368 million USD year on year. As of May 1, 2015 Georgia’s external debts marked …

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Georgia’s Foreign Debts Grow by 382 million USD

Georgia’s Foreign Debts Grow by 382 million USD

Georgia’s foreign debts marked 4.422 billion USD as of May 1, 2016. According to the Finance Ministry statistics, Georgia’s foreign liabilities rose by 27 million USD month on month and by 382 million USD year on year. As of May 1, 2015, Georgia’s external debts constituted 4.04 billion USD, while …

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ADB Mulls $450 mln Loan for Shah Deniz II Gas Project

Shah Deniz

The Asian Development Bank (ADB) is considering a $450 million loan to Azerbaijan to help expand its Shah Deniz natural gas project, the bank said on Tuesday. Azerbaijan’s biggest gas field, Shah Deniz is being developed by BP, Azeri state energy firm SOCAR and others. It holds an estimated 1.2 …

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Experts Mull Urban Development in Baku

Experts Mull Urban Development in Baku

International urban planners, experts, key government officials, donors and civil society representatives gathered in Baku for the National Urban Assessment for Azerbaijan, a stakeholder workshop organized by the Asian Development Bank (ADB) to discuss the country’s urban system, development priorities and urban investments in a challenging economic environment. The workshop …

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