Strengthening Entrepreneurship, Enterprise Development, and Financial Ecosystems (SEED) (ADB-60268-001)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Georgia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of the Republic of Georgia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 8, 2026

Disclosed by Bank Aug 5, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, the proposed technical assistance (TA) will support the institutional and operational development of the recently established Economic Development Corporation (EDC) of Georgia, alongside selected knowledge-sharing activities with the Georgian Innovation and Technology Agency (GITA), including the planned technology hub and Artificial Intelligence Excellence Center. The TA will focus on strengthening governance, operational and risk management frameworks; enhancing EDC's technical capacity through targeted training and knowledge transfer; and supporting development of financial ecosystem initiatives such as receivables finance and factoring. It is expected to improve EDC's readiness to deliver development-oriented financial and market facilitation functions, contributing to private sector development and financial market deepening in Georgia.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

While the EDC has already commenced operations and continues implementation of legacy enterprise support programs, its current institutional and operational framework remains largely oriented toward traditional program administration rather than development-oriented financial and market facilitation functions. The effective implementation of emerging initiatives, including more advanced financial instruments, risk-sharing approaches, and financial ecosystem development activities, requires additional institutional capacity, operational frameworks, technical expertise, and implementation readiness that are not yet fully established within the institution.

The proposed TA is aligned with ADB's Country Partnership Strategy for Georgia, 20242028, particularly its operational priorities related to private sector development, financial market deepening, institutional strengthening, and mobilization of private investment, including support for capital market development and diversified financing mechanisms. The TA is also consistent with the Government of Georgia's 'Vision 2030 Development Strategy of Georgia and the Capital Market Development Strategy of Georgia 20232028, which emphasize strengthening SME financing mechanisms, improving access to alternative sources of finance, developing financial market infrastructure, and supporting broader private sector competitiveness.

The TA is expected to support institutional and operational strengthening activities with indirect benefits for broader SME access to finance and enterprise support mechanisms, including for women-led and women-owned businesses.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leader:

George Kiziria
Email: gkiziria@adb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

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How it works