Georgia has become a donor country of the Asian Development Fund for the first time after making a contribution to the Asian Development Bank’s $5 billion fund designated to support the most vulnerable populations in Asia and the Pacific.

While the exact amount of money Georgia is contributing has not been officially disclosed, more than $2.5 billion, or 51 percent, of the replenishment of the fund will be funded through contributions from donors including Armenia and Georgia - the two new countries in the donor list.

The announcement was made earlier today by the ADB President Masatsugu Asakawa within the 57the annual meeting of the Bank in Tbilisi.

"Grants are more important than ever as our poorest and most vulnerable members seek to reverse recent development setbacks and take urgent action to combat the climate crisis. This remarkable replenishment demonstrates ADF donors’ continued partnership with ADB to address the pressing development challenges of those most in need”, - Asakawa said.