President of Asian Development Bank (ADB) Masatsugu Asakawa and Georgian Finance Minister Ivane Machavariani held a phone conversation today and discussed the ways the ADB can follow to help Georgia combat the COVID-19 pandemic.
''The Asian Development Bank is ready to collaborate with [the Georgian] government and key partners to help the affected economy,'' Asakawa said, adding Georgia is a leading reformer country and took decisive measures against the COVID-19 pandemic.
''The support from international financial institutes is of utmost significance for Georgia amid the pandemic-caused global crisis,'' Georgian Finance Minister said and thanked Masatsugu Asakawa for the assistance.
The bank reports that Georgia is undergoing double shocks due to the pandemic and oil price decrease.
As the bank forecasts, the tourism and service sectors will face a blow.
The oil price drop negatively influences the money transfers from Georgia's neighbor countries and affects the trade rate.
Bela Gelashvili
News Author