Georgia is developing in the right direction and sustainably and it can be exemplary for many Asian countries

I think that Georgia is developing in the right direction and it can be exemplary for many Asian countries, Takehiko Nakao, President of the Asian Development Bank (ADB), said at a news conference held on the sidelines of the 52rd ADB Annual Meeting in Fiji.

Takehiko Nakao talked about the strategy of the Asian Development Bank towards Georgia and the main directions of economic development.

"Georgia’s index of macroeconomic stability and doing business is quite high. During my visit to Georgia last year, we discussed the issue of possibilities for development with the Prime Minister. It is necessary to maintain macroeconomic stability, to invest in infrastructure projects, including in road construction. It is important to develop energy, especially with renewable energy. It is also important to make investments in education and tourism development, which is a significant source of income in Georgia. The main task is to establish ties with other countries. Since Georgia is a small country, ties with other countries and logistics industry are very important. Development of new technologies, internet, education and the development of Fintech industry is the part of our strategy. I think Georgia is developing in the right direction and sustainably and it can be exemplary for many Asian countries, " Takehiko Nakao said.

The Asian Development Bank (ADB) has partnered with Georgia since 2007 and is one of the country’s largest multilateral development partners. Over $2.8 billion has been approved for Georgia’s development since 2007. ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.