Georgia in CAREC

  • Georgia joined CAREC in 2016

ADB president calls for expanded CAREC agenda to meet new challenges

In a special address at the 15th CAREC Ministerial Conference, Asian Development Bank (ADB) President Takehiko Nakao said CAREC had made a valuable contribution to the region's development but its future will depend on how it adapts to changing economic and development conditions in the region and beyond. Read more

Economic Outlook

Highlights from the Asian Development Outlook 2016:
Growth slowed to 2.8% as a weak external environment curbed investment, exports, and remittances. Currency depreciation fueled inflation. With continued external weakness, growth is expected to remain low in 2016 before recovering in 2017 on stronger global expansion. Inflation is expected to rise in 2016 before reverting, while the current account deficit should narrow in both years. Read full report

Human Development

The United Nations Development Programme prepares reports on human development in Georgia.