ADB Governors Agree to Amend Bank Charter, Opening Path to 50% Expansion of Operations
MANILA, PHILIPPINES (17 November 2025) – Voting by the Board of Governors of the Asian Development Bank (ADB) has reached the requirement for ratification of a landmark amendment to the Bank's founding charter that will remove the lending limitation set out in Article 12.1. This will enable a 50% increase in lending to more than $36 billion annually to support developing member countries' efforts to address critical development priorities in the region.
"I am extremely grateful to all members of the Board of Governors that have voted in favor," ADB President Masato Kanda said. "This is a historic decision and I appreciate the deep confidence in ADB and in the work we do every day across Asia and the Pacific. Removing this limitation means ADB can now move forward with an ambitious plan to increase our annual financing commitments without placing any burden on our shareholders for a general capital increase, something ADB has not requested since 2009."
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EMAAR Group: Tbilisi Waterfront,Gonio Yachts, Marina projects have been developed in full compliance with local regulations, environmental priorities,sustainability standards
18.11.2025.17:00
EMAAR Group on Monday said The Tbilisi Waterfront and Gonio Yachts and Marina projects had been developed under the guidance of national and municipal authorities, ensuring full compliance with local regulations, environmental priorities and sustainability standards.
The statement noted that both projects prioritised the preservation of the natural habitat and biodiversity.
“Eagle Hills’ involvement stems from a deep belief in the growth potential of Georgia, its dynamic tourism sector and the Government’s vision to create a progressive investment environment. Our projects – Tbilisi Waterfront and Gonio Yachts and Marina – represent long-term commitments to Georgia’s economic and social growth, with the aim of creating lasting value for local communities and future generations. Both projects have been developed under the guidance of national and municipal authorities, ensuring full compliance with local regulations, environmental priorities and sustainability standards”, EMAAR Group said.
“Eagle Hills places great importance on respecting the natural landscape and all research and design directions take into account the requirements set by relevant Government institutions and environmental experts at all stages. In Tbilisi and Batumi, this philosophy is embedded in energy-efficient infrastructure, green mobility networks and a deep commitment to environmental responsibility. Both projects prioritise the preservation of natural habitats, biodiversity and the protection of migratory bird reserves on the Black Sea coast through sustainable design, responsible land and coastal management, and the protection of pristine landscapes”, the statement continued.
EMAAR Group further added that they focus on implementing projects that create jobs, support local industries, improve tourism infrastructure, and attract international investment, which would directly contribute to Georgia's GDP growth and long-term prosperity.
“Eagle Hills, which operates in 12 countries, has a proven track record in creating world-class mixed-use complexes and hospitality destinations, including Belgrade Waterfront in Serbia and the United Arab Emirates, as well as projects in Latvia and Albania. We are proud to announce that the Eagle Hills Georgia presentation center was officially opened in Tbilisi on October 21, 2025, marking a significant milestone in the project’s launch. Additional details about both projects will be gradually released on our official channels and social media platforms in the coming period”, the statement concluded.