TBC, TBC Capital, and ADB Sign Landmark MoU to Unlock $300 Million in Co-Financing for Georgia and Uzbekistan
TBC, TBC Capital, and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) during the 58th Annual Meeting of the ADB in Milan. The MoU establishes a framework for cooperation aimed at identifying and supporting co-financing opportunities in strategically important sectors across Georgia and Uzbekistan.
This marks the first co-financing framework agreement ever signed by the ADB, positioning Georgia and Uzbekistan as pilot markets for an unprecedented financing model that may be rolled out to other regions in the future. The agreement is expected to simplify access to capital and deepen ADB’s strategic partnership with TBC and TBC Capital.
Under the agreement, ADB plans to allocate up to $150 million in financing from 2025 to 2028, with an additional $150 million to be raised through TBC and TBC Capital. The financing will be implemented via direct loans and bond issuances.
TBC will conduct project pre-selection and processing, streamlining the loan acquisition process for corporate clients. One of the key innovations includes lowering the minimum loan threshold, enabling a broader range of companies to qualify for ADB funding.
TBC Capital, Georgia’s leading investment, research, and brokerage firm, will play a pivotal role in expanding access to capital markets—both domestically and regionally. It will also facilitate ADB’s participation in bond markets as an investor, enabling issuers to more easily tap into international financial institution (IFI) funding.
The collaboration aims to support both small- and large-scale strategic projects, increasing liquidity and providing alternative sources of financing. Priority sectors include renewable energy, transport, logistics, and manufacturing, with a strong focus on projects that create positive environmental, social, and climate impact.
The MoU reflects a growing commitment by both ADB and TBC to foster sustainable, inclusive economic growth through innovative financing models and expanded regional cooperation.
