
The Asian Development Bank (ADB) has approved a $100 million policy-based loan to deepen Georgia's reforms to fiscal management, capital markets, and its pension system.
The second sub-program of the fiscal sustainability and social protection program will be implemented based on the results of the first sub-program approved in 2020. The first sub-program was aimed at promoting macroeconomic stability of Georgia during the COVID-19 pandemic.
This program will also help further development of corporate governance of the state-owned enterprises. The program will strengthen the country's resilience to macroeconomic shocks in relation to high foreign exchange and refinancing risks associated with external debt. The program will also help encourage the contributions of participants to the pension scheme and introduce a system of voluntary contributions.
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11/07/2025