News

World Bank continues to support better roads in Georgia

The World Bank Board of Executive Directors approved an International Bank for Reconstruction and Development loan in the amount of $40 million to Georgia for the Secondary Road Asset Management Project.

ADB supports forum to promote investment in Georgia

The Asian Development Bank and the Government of Georgia opened the inaugural international investment forum—"Georgia – Regional Hub and Asia's Gateway to Europe"—to promote the country as an attractive investment destination.

More than 45,000 households in Georgia will directly benefit from road improvements

The World Bank Board of Executive Directors approved an IBRD loan in the amount of $75 million to Georgia for the Third Secondary and Local Roads Project . The project builds on the ongoing Second Secondary and Local Roads project and complements other projects funded by the World Bank in the road sector.

World Bank supports secure and reliable supply of power in Georgia

The World Bank Group Board of Executive Directors approved a $60 million International Bank for Reconstruction and Development (IBRD) financing for the Transmission Grid Strengthening Project for Georgia.

World Bank Group launches new country partnership strategy for Georgia

The four-year strategy will guide the World Bank Group’s support to the country in helping end extreme poverty and boost shared prosperity in a sustainable manner.

Power swaps can help Asia-Pacific manage daunting future energy needs – report

Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank.

World Bank continues to support upgrading Georgia’s major transport route

The World Bank Board of Executive Directors approved today a $75 million equivalent financing for the Fourth East-West Highway Improvement Project (EWHIP4) for Georgia. This is the latest in a series of investments aimed at upgrading the E60 Highway, Georgia’s key transport corridor.

Asia’s future prosperity requires major change in energy use

Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new Asian Development Bank (ADB) report.

ADB approves $48 million loan to boost regional power transmission in Georgia

The Asian Development Bank (ADB) has approved a $48 million loan for a regional power transmission project in Georgia that will build and upgrade power substations to boost Georgia’s ability to export electricity and support growing regional trade in power in the Caucasus.

ADB provides $80 million to sustain urban transport in metropolitan area of Tbilisi

The Asian Development Bank (ADB) signed $80 million in loan agreements with the Government of Georgia to improve the connectivity and accessibility of the Tbilisi metropolitan area. The improved infrastructure will ease chronic traffic congestion, improve the environment and road safety, and boost growth and jobs.