The Asian Development Bank (ADB) has disbursed a sovereign loan of GEL 68.2 million, marking the first time an international financial institution has provided Georgia with a sovereign loan denominated in the national currency. The loan was issued under the Modern Skills for Better Jobs Sector Development Program – Subprogram 2, aimed at supporting vocational education in the country.
The GEL-denominated loan represents budget support and highlights the ongoing successful cooperation between the ADB and the Government of Georgia, not only in financing investment projects but also in supporting structural reforms and the sustainable management of public finances.
“This program aligns with Georgia’s debt management strategy, which seeks to balance foreign and domestic currency in public debt,” the Ministry of Finance noted. “By contracting debt in the national currency, Georgia strengthens its economic resilience against external shocks and ensures sustainable debt management.”
The program also focuses on improving the quality, accessibility, and inclusiveness of vocational education. It aims to enhance the institutional framework of the sector, providing support to the Ministry of Education, Science and Youth in implementing reforms and ensuring more effective vocational training for the country’s workforce.
This milestone underscores Georgia’s growing capacity to attract international financial support while managing public finances in its national currency.
