(MENAFN- Trend News Agency) TBILISI, Georgia, May 2. The Azerbaijan-EUgreen corridor promotes the development of renewable energyresources in the wider region, First Vice Prime Minister, Ministerof Economy and Sustainable Development of Georgia LevanDavitashvili said, Trend reports.
He made the statement during the "Enhancing Connectivity:European Connectivity (Renewable Energy and Digital Connectivity)Middle Corridor (Reshaping Euro-Asia Connectivity)" and"Collaborative Fintech Community: Building on the Middle CorridorMomentum" panel discussions at the 57th ADB Annual Meeting inTbilisi.
The minister underscored Georgia's significance in terms ofenergy connectivity. He highlighted the Black Sea submarine cableproject as the most ambitious endeavor, which is poised to bolsterregional connectivity.
"The significance of this flagship project for both Europe andthe Caucasus cannot be overstated. It not only serves to diversifysupply routes and mitigate supply risks but also holds significantpotential for advancing the development of renewable energy inGeorgia and the broader region," he noted.
To note, the theme of the 57th ADB Annual Meeting in Tbilisi,which runs from May 2 through May 5, is "Bridge to the Future".
The inaugural session of the Board of Governors is scheduled forMay 4, marking the official commencement of the annual meeting guests from the host country will be in attendance President Masatsugu Asakawa and Georgia's Minister of Financeand Chairman of the ADB Board of Governors, Lasha Khutsishvili,will deliver statements.
The annual meeting provides ADB Governors with a platform toaddress developmental issues and challenges confronting theAsia-Pacific region. The event typically attracts several thousandparticipants, including finance ministers, central bank governors,senior government officials, private sector representatives,members of international and civil society organizations, youth,academics, and media personnel.
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