Businesses in Georgia will get GEL 270 million from ADB through TBC

GEL 270 million have been raised by TBC from the Asian Development Bank (ADB) to expand access to finance for micro, small and medium-sized enterprises (MSMEs) in Georgia and to strengthen green financing across the country.
They will direct the majority of the funds toward supporting MSMEs and allocate 20% of the total amount to empowering women entrepreneurs. Green investments will get 30%.
Georgia has been receiving ADB’s support since 2007. It is one of the country’s largest multilateral development partners. In total, ADB provided Georgia with loans, grants and technical assistance exceeding USD 5 billion. The private sector got nearly USD 1 billion. The aim of ADB’s five-year cooperation strategy with Georgia is helping the country become a green and inclusive regional hub. Other goals are promoting public and private sector investments, advancing reforms and knowledge sharing, building climate-resilient infrastructure, and deepening regional integration.

Source Link