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Nikoloz Gagua: ADB’s Support is Important in Terms of Reform Implementation

Nikoloz Gagua: ADB’s Support is Important in Terms of Reform Implementation

It is important that the Asian Development Bank is implementing reforms in Georgia – Nikoloz Gagua, Deputy Minister of Finance saidafter meeting with ADB CEO Matthew Fox.

According to him, the Bank’s involvement in theconstruction of the East-West Express Highway, namely the most difficult section of Rikoti,is particularly noteworthy.

“The Asian Development Bank is fully implementing feasibility study of the mentioned section and its design. The bank will finance one of the most important part of this road. Also, Tbilisi-Larsi road project is vital, which is being financed by Asian Development Bank”, said Nikoloz Gagua.

According to the Deputy Minister of Finance, capital market development strategy is being worked out with the support of Asian Development Bank and it also includes legislation of pension reform, draft bill of private-public cooperation, which is at the final stage.

“The Asian Development Bank also recognizes that the economic reforms, carried out by the Government of Georgia with their support, already have important results,” – said Nikoloz Gagua.