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IBRD to provide USD 372 million for Georgia’s connectivity and transport improvement project

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“A loan agreement has been signed between Georgia and the International Bank for Reconstruction and Development (IBRD) for the Trans-Caspian Transport Corridor – Georgia Connectivity and Transport Improvement Project, which allocates USD 372 million to Georgia,” the Ministry of Finance of Georgia reported.

According to the Ministry, Lasha Khutsishvili, the Georgian Minister of Finance, and Rolande Pryce, the World Bank Regional Director for the South Caucasus, signed the document.

“This funding is part of a broader project with a total estimated value of approximately USD 751 million, which includes the USD 372 million from the World Bank Group. In tandem, work is underway to secure USD 175 million in financing from the Asian Development Bank (ADB) and USD 182 million from the Asian Infrastructure Investment Bank (AIIB).

The signing ceremony was attended on the Georgian side by Minister of Infrastructure Revaz Sokhadze, Deputy Minister of Finance Ekaterine Guntsadze, Deputy Minister of Infrastructure Mzia Giorgobiani, Deputy Minister of Economy and Sustainable Development Tamar Ioseliani, Director General of JSC Georgian Railway Lasha Abashidze, Chairman of the Roads Department Levan Darakhvelidze, and Deputy Chairperson Salome Tsurtsumia.

The project aims to increase rail capacity through the procurement of electric locomotives for Georgian Railway, the construction of electrical substations, and the institutional strengthening of the railway network. Additionally, it will fund the construction of key road sections, including Badiauri to Chalaubani, Chalaubani to Bakurtsikhe, and Gurjaani to Telavi.
This infrastructure package will include transport interchanges, flyovers, and bridges, as well as the implementation of road safety measures and efforts to strengthen institutional capacity within the highways sector.

The project will be co-delivered by JSC Georgian Railway and the Roads Department. The corresponding project agreement between JSC Georgian Railway and the IBRD was signed by the Director General of JSC Georgian Railway, Lasha Abashiidze, and the World Bank Regional Director for the South Caucasus, Rolande Pryce.

“These targeted investments in our rail and road networks mark another vital step towards enhancing the efficiency of the Middle Corridor. This will strengthen the productivity and resilience of the country’s transportation infrastructure, supporting Georgia’s long-term economic growth by enabling faster and safer freight movement along the corridor. These investments are crucial not only for Georgia’s economic development, but also for supporting expanding international trade flows and establishing more diversified and secure supply chains,” the Ministry of Finance statement concluded.

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image The Tbilisi Finance Summit was a success in terms of expanding new investment opportunities for Georgia - Natia Turnava

04.11.2026.19:28

On October 27-28, Tbilisi hosted the second international Tbilisi Finance Summit, which brought together approximately 1,000 participants from around 60 countries.

The main theme of the summit was "Developing Regional Financial Corridors at the Intersection of Policy, Finance, and Technology." The event was co-organized by the National Bank of Georgia, the Ministry of Economy and Sustainable Development of Georgia, and the Singapore-based Global Finance & Technology Network (GFTN).

The summit brought together high-ranking officials from various countries, leaders of central banks and investment firms, and heads of international financial institutions and leading technology companies. Their participation provided a platform for discussing global financial trends, technological innovations, and prospects for regional cooperation.

Over the course of the two-day summit, participants discussed key trends shaping the global financial sector, opportunities to strengthen regional financial connectivity, the development of cross-border payments, digital currencies, artificial intelligence, open banking, financial technologies, and ways to maintain financial stability amid geopolitical challenges. Particular attention was devoted to the development of regional financial corridors and the deepening of international cooperation.

During the summit, the Governor of the National Bank of Georgia, Natia Turnava, spoke about the significance of the international event, noting that meetings of this scale provide Georgia with an opportunity to showcase its macroeconomic stability, economic growth, and investment potential to international partners. In her assessment, the summit was highly successful, particularly in terms of expanding opportunities for attracting international investment, given the participation of international investors and investment funds.

The Vice Governors of the National Bank of Georgia, along with representatives of various NBG departments, actively participated in the summit. During panel discussions, they addressed the interoperability of regional payment systems, the development of cross-border payments, prospects for the banking sector, and the strengthening of regional financial ties. A key focus of these sessions was enhancing cooperation with international partners and exploring new opportunities for financial sector development.

A major highlight of the Tbilisi Finance Summit was the signing of memorandums of understanding and the launch of new initiatives aimed at deepening international cooperation.

Specifically, a Memorandum of Understanding on establishing a scholarship program for future leaders in financial technology was signed by Tbilisi State University, Pave Bank, a digital asset and institutional bank, and the Singapore-based Global Finance & Technology Network (GFTN). The agreement provides for the launch of a Georgia-Singapore exchange program, offering Georgian students the opportunity to study at Singapore Management University (SMU) and gain exposure to the international fintech ecosystem.

The summit also featured AIFC Connect: Tbilisi 2026, an event organized by the Astana International Financial Centre, the National Bank of Georgia, and GFTN, with the support of the Embassy of the Republic of Kazakhstan. The meeting aimed to deepen financial cooperation between Georgia and Kazakhstan, expand mutual access to capital markets, and facilitate cross-border investments.

The summit also hosted the Global Use of RMB event, organized by Bank of China, the National Bank of Georgia, and GFTN. The event aimed to promote international investment and financing opportunities in Chinese yuan (RMB) and strengthen financial cooperation between China, Georgia, and other countries.

During the summit, the National Bank of Georgia and Bank of China signed an agreement under which Bank of China will provide the NBG with essential services for conducting operations in the China Interbank Bond Market (CIBM). This will enable the National Bank of Georgia to expand its investment operations in the Chinese bond market.

The event also hosted the Demo Day of the international Fintech Hackathon, during which local and international participating teams presented technological solutions to challenges facing the financial sector. Teams that won in various categories received cash prizes awarded by GITA, along with opportunities to attend global technology events in Dubai and Singapore.

The Tbilisi Finance Summit is an important international platform that strengthens the global positioning of Georgia's financial sector, promotes regional cooperation, fosters innovation, and creates new investment opportunities. The summit is set to become an annual event, continuing to foster international dialogue and strengthen cooperation across the financial sector.

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