Georgia

A foothold in Asia, another in Europe: Georgia is a key State in the South Caucasus. The country has been modernized thanks to extensive reforms. However, it suffers from socioeconomic weaknesses and an unstable geostrategic environment. Since 2012, AFD has been helping Georgia achieve economic stability by developing infrastructure, supporting rural areas and focusing on renewable energies.
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City limits of Tbilisi, Georgia
GEORGIA AND AFD: DEVELOPINGTHE COUNTRY’S ECONOMIC POTENTIAL AND BOOSTING GROWTH
City limits of Tbilisi, Georgia

4 priority sectors

City of Batumi, Georgia, transport cars

4 PRIORITY SECTORS

AFD has defined four priorities with the Georgian Government: urban development, municipal infrastructure, rural development and agribusiness, and renewable energies. Governance and education have now been added to these areas of action. Several projects are currently under study.

Scaling up our actions in the South Caucasus

Tbilisi, Georgia

SCALING UP OUR ACTIONS IN THE SOUTH CAUCASUS

AFD only recently started operating in the South Caucasus – a region comprising Georgia, Armenia and Azerbaijan. It was only officially authorized to operate in the region in April 2012, with a mandate to promote “green and inclusive growth”. 

Just five years after starting our action in the region, our partnerships with governments, local authorities and public companies have produced results. 4 projects, totaling EUR 314,7m, have been committed since 2012.

In 2017, the opening of an office in Georgia put into effect AFD’s aim of scaling up its action in the region. The Tbilisi office for the South Caucasus was officially opened by the Georgian First Deputy Prime Minister and Minister of Finance in March 2017. This regional office covers the three countries in the region.

2017
Opening of a regional office based in Tbilisi
314,7
million euros committed in the South Caucasus since 2012

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 64,7m, 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. 

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