Georgia Economic Management and Competitiveness Development Policy Operation (WB-P169913)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
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
Proposed
Bank Risk Rating
U
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
Mar 17, 2020
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
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
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.
Project Cost (USD)
$ 50.00 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 16, 2019

Disclosed by Bank Jun 26, 2019


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Project Description

According to the Bank's website, this project aims to support government efforts to reform the budgetary framework through more accountable local governments, ability to better quantify fiscal risks, introduce regulatory impact assessment in policy making, stronger public investment management arrangements, and more effective public procurement. 

It will also support reforms to strengthen the framework for more competitive markets, overall and in telecoms specifically, deepen the financial sector, improve teacher qualifications, and strengthen investment promotion. 

Investment Description
  • World Bank (WB)
Contact Information

Implementing Agencies: Ministry of Finance. Nikoloz Gagua; Deputy Minister. n.gagua@mof.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.