Economy
Posted: 1 month ago

Shane Rosenthal: Georgia has a Unique Chance to Start a New Phase of Economic Growth

"In the process of gradual opening of economic activities, Georgia will be given a unique opportunity to start a new phase of economic growth, which will be more diverse and inclusive," - said Shane Rosenthal, Director of the Permanent Mission of Georgia to the Asian Development Bank (ADB).

A representative of the ADB said in a blog post on the official website of the Asian Development Bank that the country's response to the pandemic was good and that Georgia had one of the lowest rates of new cases of infection in the entire Caucasus and Central Asia.

A representative of the ADB writes that confidence in Georgia has led to the rapid development of financial assistance packages by international partners to support tackling and responding to the pandemic.

"Confidence in Georgia has led to the rapid development of financial assistance packages by international partners to support and address the $ 100 million loan from the Asian Development Bank. This financial resource will help the government fund a comprehensive program to contain the pandemic, provide living conditions for vulnerable groups, and support the private sector, ”Shane Rosenthal wrote.