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Tag Archives: ADB

Asian Development Bank Increases financing for Georgia

wencai zhang

Asian Development Bank (ADB) is stepping up its financial commitments and committing to providing more money to finance projects in Georgia over the next three years. The Bank’s Vice President Wencai Zhang confirmed ADB would increase its funding to Georgia over the next three years, adding: “if any ongoing project …

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Silk Road Forum Opens in Tbilisi

Government delegations from 32 countries gathered in Tbilisi to attend first Silk Road Forum in Georgia’s capital Tbilisi. The idea of reviving the Silk Road has come into being as a result of the ongoing globalization in the world. The implementation of the Silk Road is among the most large-scale …

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ADB Provides $75m Loan to Georgia

The Asian Development Bank (ADB) is offering Georgia a loan of $75 million USD to help the Georgian Government implement reforms to increase savings and better use of internal resources as well as creating investment potential to avoid unequal distribution of income. The programme supports the Government’s action plan which …

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ADB Extends $20mln To Protect Vulnerable Batumi Coastline

The Asian Development Bank (ADB) has approved a $20 million loan to stem coastal erosion around the popular Black Sea tourist destination of Batumi. Batumi, the capital of the Autonomous Republic of Ajara, with a population of more than 150,000, is one of the fastest developing cities along the Black …

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TBC Bank obtains GEL 100 Million Loan from ADB

TBC Bank, TBC Broker and Asian Development Bank (ADB) completed the transaction to the amount of GEL 100 Million. The 3 year local currency facility will enable TBC Bank to finance micro, small and medium-sized enterprises in the country’s regions. 

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