4 priority sectors
Scaling up our actions in the South Caucasus
Georgia is a country with 4 million inhabitants at the crossroads between Europe and Asia. For some fifteen years now, this former Soviet bloc country has been engaged in major economic and political reforms. These reforms have been fruitful: the country has been modernized.
However, its geostrategic environment is sometimes a source of instability, particularly the conflict between Armenia and Azerbaijan and the 2008 conflict with Russia, followed by an embargo. Georgia also suffers from a number of socioeconomic weaknesses, which have been exacerbated by the international financial crisis.
The country consequently needs to find the resources to achieve economic stability. Georgia can bank on the boom in tourism and an agricultural sector with strong potential, while taking advantage of its strategic position between the hydrocarbon producing areas of Central Asia and Europe.
AFD has been supporting Georgia since 2012, in the context of a “green and inclusive growth” mandate, and opened its office in the capital Tbilissi in 2017. The projects, totaling EUR 125,55m, have focused on urban and rural development, infrastructure, governance and renewable energies. AFD can support the country via loans and European grants under the Neighborhood Investment Facility – East.