Second Regional Development Project Additional Financing (WB-P157465)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Specific Location
Imereti Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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
Apr 4, 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
GEORGIA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
  • Transport
  • Water and Sanitation
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)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 11.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 8, 2017

Disclosed by Bank Feb 1, 2016


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

Project Description
This project provides additional financing for improvements in infrastructure services and institutional capacity to support tourism growth in the Imereti Region. Components include infrastructure investments.
Investment Description
  • World Bank (WB)
Contact Information
World Bank Contact: Rosanna Nitti Title: Sr Urban Spec. Borrower/Client/Recipient Name: Ministry of Finance Contact: Nodar Khaduri Title: Minister Email: n.khaduri@mof.ge Implementing Agencies Name: Municipal Development FUnd of Georgia Contact: Juansher Burchuladze Title: Executive Director Email: jburchuladze@mdf.org.ge ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.