Georgia Assumes Official Status as Host Country for 2024 ADB Annual Meeting
Georgia's Finance Minister, Lasha Khutsishvili, has stated that the upcoming hosting of the Asian Development Bank's (ADB) annual meeting in Tbilisi in May 2024 is a significant recognition of the country's efforts in implementing successful projects and reforms together with the ADB. The bank has invested 4.5 billion dollars in Georgia, and current projects have reached a total of 2 billion dollars.
Khutsishvili also highlighted the recent meeting with the Vice Prime Minister and Minister of Finance and Economy of the Republic of Korea during the annual meeting of the ADB. They reviewed the existing economic relations between the countries and reached an agreement on speeding up the processes for concluding the free trade agreement on time.
The hosting of the annual meeting of the ADB in Georgia is a significant achievement for the country and showcases the successful partnership between Georgia and the bank. The meeting will provide a platform for policymakers, business leaders, and experts to discuss critical economic and development issues in the region.
Furthermore, the appointment of Finance Minister Khutsishvili as the Chairman of the Board of Governors of the ADB for a period of one year is another recognition of Georgia's success in implementing critical reforms and ensuring sustainable economic growth.
Georgia's economic partnership with the ADB has been vital to its economic growth and development. The ADB has been a significant source of funding for critical infrastructure projects and has supported the country's efforts in implementing key economic reforms.
In conclusion, the upcoming hosting of the annual meeting of the ADB in Georgia is a testament to the country's successful partnership with the bank and recognition of its efforts in implementing critical reforms and ensuring sustainable economic growth. It is an excellent opportunity for Georgia to showcase its economic achievements and strengthen its economic relations with the ADB and other countries in the region.