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Georgian capital market growth shows strong ESG focus

New sustainability framework has increased investor trust
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Georgian capital market growth shows strong ESG focusImage: Getty Images

Georgia’s nascent capital market sector is on a strong upward trajectory, in large part supported by a commitment to the issuance of sustainable bonds.  

Speaking at the Asian Development Bank annual meeting in Tbilisi, Georgia, Ekaterine Mikabadze, vice-governor and member of the board at the National Bank of Georgia, explained that last year corporate bond issuance in the country doubled to La2.1bn ($787mn), equivalent to 2.5 per cent of the country’s gross domestic product.  

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Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.
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