Funds are part of the IMF's "free and unconditional" general allocation of $650 billion for emerging and developing countries.

ADB said that challenges caused by the COVID-19 pandemic "underlined the need for economic diversification."

The Central Asian's country's Gross Domestic Product (GDP) grew by 2.3 percent year-on-year in January-June, the National Statistics Bureau said, after a contraction of 1.4 percent in the first quarter.

Commercial banks reported a total net profit of 1.237 billion lari ($399 million) from January to July compared to a loss of 413 million lari in the same period in 2020.