Second Domestic Resource Mobilization Program (Subprogram 1) (ADB-52161-001)

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
Proposed
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.
Borrower
Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
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)
$ 50.00 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

Disclosed by Bank Oct 16, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

This project provides financing to reform state-owned enterprises, improve public expenditure and fiscal management, and develop the finance sector.

According to Bank documents, outputs from this project are expected to include enhanced generation of domestic savings, an operational and comprehensive public-private-partnership (PPP) program, increased access to financial services for small and medium-sized enterprises (SMEs), and enhanced mobilization of private resources for long-term investment.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Ministry of Finance
16 Gorgasali St., 0114
Tbilisi
Georgia

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