Georgia and ADB signed the Agreement on Fiscal Resilience and Social Security Program

Published in Economics
Monday, 21 November 2022 14:53
Agreement has been concluded with Asian Development Bank (ADB) for the implementation of a fiscal resilience and social security program in Georgia. According to the administration of the Ministry of Finance, Georgia and ADB signed the Agreement on Fiscal Resilience and Social Security Program today.
Document was signed by H.E. Lasha Khutsishvili, Minister of Finance of Georgia and Shane Rosenthal, ADB Regional Director in Georgia.
Agreement envisages the allocation of financial resources in the volume of 100 million and 190 thousand Euros for the implementation of a Fiscal Resilience and Social Security Program ensuring the sustainable and inclusive economic growth.
Signatories shared their vision at a meeting held prior to the signing of the agreement on the current situation in the country developing against the background of global challenges. Transit potential and boosted energy security of Georgia, along with its significance was once again highlighted.
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