Eurasian Transport Corridor Investment Center

Ministry of Regional Development and Infrastructure of Georgia

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ASIAN DEVELOPMENT BANK PROJECT

ADB to Help Georgia Improve Urban Transport

ADB is providing a US$30 million loan to finance infrastructure repairs and upgrades in selected urban municipalities in Georgia which have been hard hit by the global economic crisis and conflict with the Russian Federation.
Georgia joined ADB in 2007 as a B1 developing member country with access to the Asian Development Fund (ADF) and Ordinary Capital Resources (OCR). While the current loan portfolio comprises ADF resources only, the government is interested in borrowing on both ADF and OCR terms. The Host Country Agreement for establishing ADB's Georgia Resident Mission was signed in September 2008, and the Mission began operations in December 2008.The Interim Operational Strategy for the years 2008–2009 was endorsed by ADB's Board of Directors in March 2008, and Country Partnership Strategy (CPS) is expected to be endorsed in 2011.

About Georgia and ADB
ADB Membership
Joined 2007
Shareholding and Voting Power
Georgia is the 67th member of ADB and is the 20th largest shareholder among regional
members. Overall, Georgia is the 28th largest shareholder.
Figures are as of 31 December 2008, before the fifth general capital increase
process began. The process is ongoing, and the final figures are expected to be
available by 31 December 2010. Current subscription levels are available from
the Office of the Secretary.
Shares held 12,081 (0.34%)
Votes 25,313 (0.57%)
Phil Bowen is the Executive Director and Dereck Rooken-Smith is the Alternate
Executive Director representing Georgia on the ADB Board of Directors.
Giorgi Kiziria is the ADB Senior Country Coordinator for Georgia. The Georgia Resident
Mission (GRM) was opened in 2008 and provides the primary operational link between
ADB and the government, private-sector, and civil-society stakeholders in its activities.
GRM engages in policy dialogue and acts as a knowledge base on development issues
in Georgia.

The Georgian government agency handling ADB affairs is the Ministry of Finance.

About the Asian Development Bank
ADB is a multilateral development bank owned by 67 members, 48 from the region and
19 from other parts of the world. ADB’s main instruments for helping its developing
member countries are policy dialogue, loans, equity investments, guarantees,
grants, and technical assistance (TA). In 2009, lending volume was $13.23 billion
(93 projects), with TA at $267.2 million (313 projects) and grant-financed projects
at $1.11 billion (64 projects). In addition, $3.16 billion in direct value-added loan
cofinancing was generated. Over the last 5 years (2005–2009), ADB’s annual lending
volume averaged $9.18 billion, with TA averaging $245.7 million and grant-financed
projects $855.4 million. As of 31 December 2009, the cumulative totals were
$155.94 billion in loans for 2,206 projects in 41 countries, $5.19 billion for 315 grant
projects, and $3.81 billion for 6,863 TA projects.