| Financier | Commitments |
|---|---|
| Borrowing Agency | 10.00 |
| International Bank for Reconstruction and Development | 50.00 |
Integrated Regional and Local Development Project
Abstract*
In order to develop new tourism product linking the various “Municipal Clusters” and leveraging the specific economic potential ofmost remote and/or lagging areas, a regional-development approach would be applied in line with the current initiatives by theMinistry Regional Development and Infrastructure, whereas targeted public investments could provide a platform for boosting privatesector investments, creating new opportunities for jobs and catalyzing... Show More
Development Objective
The Project’s development objectives are to improve living conditions and economic activity in selected lagging areas by improving infrastructure for service provision, tourism, and related productive assets and to strengthen institutional and local capacity to support local economic development.
Key Details
Project Details
P169747
Dropped
Axel Baeumler , Tengiz Gogotishvili
Ministry of Finance of Georgia
April 14, 2019
(as of board presentation)
N/A
N/A
US$ 60.00 million
Municipal Development Fund of Georgia under the Ministry of Regional Development and Infrastructure
2023
US$ 50.00 million
N/A
Moderate
N/A
Yes
CONCEPT REVIEW
December 19, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 50.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 50.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 60.00 |
Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025
No data available.
Detailed Financial Activity as of June 30, 2025
No data available.
Results Framework
No data available.