Improving Domestic Resource Mobilization for Inclusive Growth Program (Subprogram 3) (ADB-48044-005)

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
Canceled
Bank Risk Rating
C
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 31, 2016
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.
Borrower
Government of Georgia, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 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 Jan 2, 2018

Disclosed by Bank Sep 14, 2016


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Project Description
According to bank documents, the program aimed to improve domestic resource mobilization in Georgia via (i) stronger debt and fiscal risk management, (ii) more robust revenue and public expenditure management, (iii) generation of domestic savings, and (iv) mobilization of private resources for investment.3 Inequality of income and economic opportunities was tackled through the redistributive role of fiscal policy in tax and social protection measures. The intended impact of the program was that citizens, particularly women, would benefit from better living standards and employment opportunities. This project is associated to approved ADB project: Strengthening Domestic Resource Mobilization (ADB-48044-003) and closed ADB project: Improving Domestic Resource Mobilization for Inclusive Growth Program - Subprogram 2 (ADB-48044-004).
Investment Description
  • Asian Development Bank (ADB)
Loan 3417-GEO: Ordinary capital resources: US$ 50.00 million Concessional ordinary capital resources lending / Asian Development Fund: US$ 50.00 million
Contact Information
No contact information provided at the time of disclosure. 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