Asian Development Bank improves economic growth outlook for Georgia

Asian Development Bank improves economic growth outlook for Georgia

The Asian Development Bank (ADB) has revised its economic growth outlook for Georgia to 4.9% instead of 4.5%. 

The inflation forecast on Georgia has been reduced to 3% for 2018-2019, according to the report of the Asian Development Bank (ADB).

The ADB also plans to increase its investment portfolio by over $1 billion in Georgia.

The ADB said that by the end of 2018 the investment portfolio will be increased by $300 million and in 2019-2021 by $1.080 billion, Agenda.ge reported.

Georgian Economy Minister Giorgi Kobulia said after a meeting with the ADB Country Director for Georgia Yesim Elhan-Kayalar that the bank had already invested in Georgia about $3 billion.

The Georgian minister said that the promising fields in which the ADB might increase investments are Georgia’s energy sector, pension reform and public-private partnership law implementation.

Kobulia added that the ADB is also considering more active support to Georgia’s small and medium-sized businesses and that the bank had presented "a very important" programme in this regard.

4245 views





Populars