Silk Road Forum (ADB-53311-001)

Countries
  • Georgia
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
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 9, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Communications
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 29, 2020

Disclosed by Bank Aug 9, 2019


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Project Description

According to the Bank's website, this project provides finances to Georgia's government in order to organise and hold a Silk Road Forum planned for 22-23 October 2019 in Tbilisi, Georgia. The Forum's goal is to: (i) discuss ways to enhance regional cooperation through cross-border transport and energy connectivity, trade facilitation and commerce along the Silk Road; (ii) help coordinate transport infrastructure investments and policy interventions aimed at achieving uninterrupted flow of goods through Silk Road corridors; and (iii) stimulate regional trade and commerce by identifying investment opportunities and facilitating business-to-business meetings and public-private dialogue.

Investment Description

Contact Information

No contact information available at time of writing. 

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