The Asian Development Bank (ADB) has unveiled a new Country Partnership Strategy (CPS) for Georgia, marking a significant shift towards sustainable development and regional integration. This five-year plan aims to transform Georgia into a green and inclusive regional gateway, fostering economic growth and societal resilience.
A Green and Inclusive Gateway
ADB’s strategy aligns with Georgia’s aspirations to become a regional hub, connecting the Caucasus with Europe and Asia.
Economic Development and Trade Expansion
The CPS focuses on enhancing connectivity and trade, crucial for Georgia’s ambition to serve as a bridge between continents. It emphasizes the development of economic corridors to facilitate movement and commerce.
Social Policy and Human Capital
Investments in human capital, including education and health, are prioritized to ensure that economic growth translates into broad-based social benefits.
Public Administration and Governance
Strengthening public administration and governance forms a cornerstone of the strategy, aiming to create a more efficient, transparent, and service-oriented government structure.
Private Sector-Led Growth
The strategy underscores the importance of private sector-led growth, recognizing its role in driving innovation and creating jobs.
Fostering Entrepreneurship and Innovation
Support for small and medium-sized enterprises is envisioned to spur entrepreneurship, while policy reforms aim to create a conducive environment for business and innovation.
Building Capacity and Knowledge
Capacity building initiatives are planned to enhance skills and knowledge, preparing the workforce for the demands of a modern economy.
Climate Action and Sustainability
Climate action is a cross-cutting theme, with the CPS advocating for green growth and sustainable practices across all sectors.
Regional Cooperation and Integration
ADB’s new strategy for Georgia places a strong emphasis on regional cooperation and integration, acknowledging the country’s strategic location.
Strengthening Regional Ties
The CPS aims to bolster Georgia’s role in regional initiatives, enhancing its position as a key player in the Caucasus.
Infrastructure Development
Investments in infrastructure, particularly transport and energy, are designed to improve connectivity within the region and beyond.
Enhancing Resilience
The strategy also addresses the need to build resilience against economic shocks and natural disasters, ensuring stability and continuity.
