ADB makes first ever loan to Georgia

The Asian Development Bank announced here Thursday it was making its first ever loan to Georgia, amounting to 25 million dollars to help strengthen its banking sector.
The loan will go to the Bank of Georgia and will be used for lending to small and medium enterprises, the multilateral aid agency said in a statement from its headquarters in the Philippines.
This marks the first transaction between the ADB and Georgia since that country joined the bank in February, the agency said.