The FINANCIAL — The Asian Development Bank (ADB) approved $150 million (in euro equivalent) in loans to improve water supply and sanitation services in Georgia and help the government craft an integrated approach to the sector’s development. Under the Sustainable Water Supply
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The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the
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The FINANCIAL — Tthe European Bank for Reconstruction and Development (EBRD) announced that it will issue an unsecured loan of EUR 217 million to help the Georgian Oil and Gas Corporation (GOGC) refinance a USD 250 million corporate Eurobond. The Bank will
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The FINANCIAL — A new Asian Development Bank (ADB) report, the Asian Development Outlook 2020 Update said that Georgia is forecast to return to the economic growth of 4.5 percent in 2021 thanks to expected recoveries in tourism, private consumption, investment, and net
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The FINANCIAL — The Asian Development Bank (ADB) announced an investment of up to $20 million in green bonds to be issued by Georgia Global Utilities JSC (GGU), with proceeds to upgrade water supply and sanitation in Tbilisi and nearby municipalities, and to
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