Rural Development Project

Abstract*

The Rural Development Project for Georgia aims to develop the productivity and profitability of the private agriculture sector. The project has the following four components: Component 1) aims t o support the efficient development of marketing/supply chains for commodities that have a demonstrated market potential, with the view to expand profitable domestic and export market opportunities. Component 2) will improve the capacity of Participating Financial... Show More

Development Objective

The revised objective is to improve agricultural production and access to markets for Georgia's small and medium-scale farmers and rural enterprises supported by the project, through: (i) increasing the competitiveness of selected supply chains; (ii) strengthening the delivery of rural financial services and of the financial intermediaries; and (iii) modernizing key institutions for food safety and property registration with direct impact for increasing competitiveness of Georgia's agriculture.

Key Details

Project Details

Project ID
P078544
Status
Closed
Team Leader
Anatol Gobjila
Borrower 2
N/A

Country
Georgia
Disclosure Date
November 17, 2003
Approval Date
(as of board presentation)
May 17, 2005
Effective Date
May 28, 2005

Total Project Cost 1
US$ 34.71 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2005

Commitment Amount
US$ 24.50 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2011

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Trade28%
- FY17 - Trade Facilitation28%

FY17 - Finance

FY17 - Finance for Development7%
- FY17 - Agriculture Finance7%

FY17 - Private Sector Development

FY17 - Jobs100%
FY17 - Regional Integration14%

FY17 - Public Sector Management

FY17 - Rule of Law15%
- FY17 - Judicial and other Dispute Resolution Mechanisms5%
- FY17 - Legal Institutions for a Market Economy5%
- FY17 - Personal and Property Rights5%

FY17 - Urban and Rural Development

FY17 - Rural Development36%
- FY17 - Rural Markets36%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	2.47
IDA Credit	10.00
Local Farmer Organizations	4.84
JAPAN: Ministry of Finance - PHRD Grants	4.50
Local Sources of Borrowing Country	2.90
International Fund for Agriculture Development	10.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	10.00
IBRD + IDA Commitment	10.00

Lending Instrument
Grant Amount	14.50
Total Project Cost**	34.71

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 15, 2016	IDA-40620	Loan Repay	32,211.01
Feb 15, 2016	IDA-40620	Loan Repay	152,675.72
Feb 15, 2016	IDA-40620	Int Charges	30,751.13
Feb 15, 2016	IDA-40620	Int Charges	30,751.13
Aug 15, 2017	IDA-40620	Loan Repay	4,935.40
Aug 15, 2017	IDA-40620	Int Charges	26,672.85
Aug 15, 2017	IDA-40620	Int Charges	26,672.85
Aug 15, 2017	IDA-40620	Int Charges	1,624.36
Aug 15, 2017	IDA-40620	Int Charges	1,624.36
Aug 15, 2017	IDA-40620	Loan Repay	180,271.98
Feb 15, 2017	IDA-40620	Int Charges	322.70
Feb 15, 2017	IDA-40620	Int Charges	322.70
Feb 15, 2017	IDA-40620	Int Charges	28,097.22
Feb 15, 2017	IDA-40620	Int Charges	28,097.22
Feb 15, 2017	IDA-40620	Loan Repay	175,991.22
Aug 15, 2018	IDA-40620	Loan Repay	179,122.19
Aug 15, 2018	IDA-40620	Loan Repay	2,929.46
Aug 15, 2018	IDA-40620	Int Charges	28,673.15
Aug 15, 2018	IDA-40620	Int Charges	28,673.15
Aug 15, 2018	IDA-40620	Int Charges	6,570.81
Aug 15, 2018	IDA-40620	Int Charges	6,570.81
Feb 15, 2018	IDA-40620	Int Charges	4,027.87
Feb 15, 2018	IDA-40620	Int Charges	4,027.87
Feb 15, 2018	IDA-40620	Loan Repay	182,061.23
Feb 15, 2018	IDA-40620	Loan Repay	9,887.99
Feb 15, 2018	IDA-40620	Int Charges	24,023.76
Feb 15, 2018	IDA-40620	Int Charges	24,023.76
Feb 15, 2019	IDA-40620	Loan Repay	4,346.29
Feb 15, 2019	IDA-40620	Loan Repay	23,555.34
Feb 15, 2019	IDA-40620	Loan Repay	154,569.81
Feb 15, 2023	IDA-40620	Loan Repay	21,276.08
Feb 15, 2023	IDA-40620	Loan Repay	1,710.17
May 17, 2005	IDA-40620	Loan Commitment	10,000,000.00
Jun 29, 2005	COFN-04600	Loan Commitment	8,882,186.00
Jun 29, 2005	COFN-04610	Loan Commitment	807,471.50
Feb 15, 2024	IDA-40620	Loan Repay	339.98
Aug 15, 2013	IDA-40620	Int Charges	37,200.99
Aug 15, 2013	IDA-40620	Int Charges	37,200.99
Aug 15, 2013	IDA-40620	Int Charges	259.09
Aug 15, 2013	IDA-40620	Int Charges	259.09
Aug 15, 2014	IDA-40620	Int Charges	37,729.03
Aug 15, 2014	IDA-40620	Int Charges	152.48
Aug 15, 2014	IDA-40620	Int Charges	152.48
Feb 15, 2015	IDA-40620	Loan Repay	1,637.24
Feb 15, 2015	IDA-40620	Loan Repay	184,641.38
Feb 15, 2015	IDA-40620	Int Charges	7,676.33
Feb 15, 2015	IDA-40620	Int Charges	7,676.33
Feb 15, 2015	IDA-40620	Int Charges	26,552.33
Feb 15, 2015	IDA-40620	Int Charges	26,552.33
Feb 15, 2014	IDA-40620	Int Charges	154.70
Feb 15, 2014	IDA-40620	Int Charges	154.70
Feb 15, 2014	IDA-40620	Int Charges	37,791.95
Feb 15, 2014	IDA-40620	Int Charges	37,791.95
Aug 15, 2015	IDA-40620	Int Charges	7,248.78
Aug 15, 2015	IDA-40620	Int Charges	7,248.78
Aug 15, 2015	IDA-40620	Int Charges	26,000.42
Aug 15, 2015	IDA-40620	Int Charges	26,000.42
Aug 15, 2015	IDA-40620	Loan Repay	7,148.77
Aug 15, 2015	IDA-40620	Loan Repay	177,569.08
Aug 15, 2014	IDA-40620	Loan Repay	37,988.42
Aug 15, 2014	IDA-40620	Loan Repay	163,233.27
Aug 15, 2014	IDA-40620	Int Charges	37,729.03
Aug 15, 2016	IDA-40620	Int Charges	31,680.64
Aug 15, 2016	IDA-40620	Int Charges	31,680.64
Feb 15, 2017	IDA-40620	Loan Repay	1,655.80
Aug 15, 2016	IDA-40620	Int Charges	1,842.46
Aug 15, 2016	IDA-40620	Int Charges	1,842.46
Aug 15, 2016	IDA-40620	Loan Repay	183,213.60
Aug 15, 2016	IDA-40620	Loan Repay	442.24
Feb 15, 2016	IDA-40620	Loan Repay	118.00
Feb 15, 2024	IDA-40620	Int Charges	18,837.80
Feb 15, 2024	IDA-40620	Int Charges	18,837.80
Feb 15, 2024	IDA-40620	Loan Repay	173,742.02
Feb 15, 2024	IDA-40620	Int Charges	2,704.82
Feb 15, 2024	IDA-40620	Int Charges	2,704.82
Aug 15, 2024	IDA-40620	Loan Repay	331,501.70
Aug 15, 2024	IDA-40620	Loan Repay	18,150.21
Aug 15, 2024	IDA-40620	Int Charges	15,293.68
Aug 15, 2024	IDA-40620	Int Charges	15,293.68
Aug 15, 2024	IDA-40620	Loan Repay	2,657.49
Feb 15, 2019	IDA-40620	Int Charges	26,904.12
Feb 15, 2019	IDA-40620	Int Charges	26,904.12
Feb 15, 2020	IDA-40620	Loan Repay	1,360.39
Feb 15, 2020	IDA-40620	Loan Repay	178,602.78
Feb 15, 2020	IDA-40620	Int Charges	3,542.30
Feb 15, 2020	IDA-40620	Int Charges	3,542.30
Feb 15, 2020	IDA-40620	Int Charges	22,777.31
Feb 15, 2020	IDA-40620	Int Charges	22,777.31
Aug 15, 2019	IDA-40620	Int Charges	1,140.77
Aug 15, 2019	IDA-40620	Int Charges	1,140.77
Aug 15, 2019	IDA-40620	Loan Repay	27,314.19
Aug 15, 2019	IDA-40620	Loan Repay	0.01
Aug 15, 2019	IDA-40620	Int Charges	-0.01
Aug 15, 2019	IDA-40620	Int Charges	-0.01
Aug 15, 2019	IDA-40620	Loan Repay	153,554.38
Aug 15, 2019	IDA-40620	Int Charges	27,130.29
Aug 15, 2019	IDA-40620	Int Charges	27,130.29
Feb 15, 2021	IDA-40620	Loan Repay	68,194.30
Feb 15, 2021	IDA-40620	Int Charges	26,424.18
Feb 15, 2021	IDA-40620	Int Charges	26,424.18
Feb 15, 2021	IDA-40620	Int Charges	2,620.98
Feb 15, 2021	IDA-40620	Int Charges	2,620.98
Feb 15, 2021	IDA-40620	Loan Repay	26,606.45
Aug 15, 2020	IDA-40620	Loan Repay	23,365.78
Aug 15, 2020	IDA-40620	Loan Repay	66,889.54
Aug 15, 2020	IDA-40620	Int Charges	0.01
Aug 15, 2020	IDA-40620	Int Charges	0.01
Aug 15, 2020	IDA-40620	Int Charges	23,871.10
Aug 15, 2020	IDA-40620	Int Charges	23,871.10
Aug 15, 2020	IDA-40620	Loan Repay	2,501.03
Aug 15, 2021	IDA-40620	Int Charges	235.20
Aug 15, 2021	IDA-40620	Int Charges	235.20
Aug 15, 2021	IDA-40620	Loan Repay	93,458.43
Aug 15, 2021	IDA-40620	Int Charges	24,931.55
Aug 15, 2021	IDA-40620	Int Charges	24,931.55
Aug 15, 2021	IDA-40620	Int Charges	1,003.16
Aug 15, 2021	IDA-40620	Int Charges	1,003.16
Aug 15, 2022	IDA-40620	Loan Repay	150,098.31
Aug 15, 2022	IDA-40620	Int Charges	23,457.89
Aug 15, 2022	IDA-40620	Int Charges	23,457.89
Aug 15, 2022	IDA-40620	Int Charges	339.71
Aug 15, 2022	IDA-40620	Int Charges	339.71
Aug 15, 2022	IDA-40620	Loan Repay	23,663.90
Feb 15, 2022	IDA-40620	Loan Repay	90,589.58
Feb 15, 2022	IDA-40620	Int Charges	1,302.16
Feb 15, 2022	IDA-40620	Int Charges	1,302.16
Feb 15, 2022	IDA-40620	Int Charges	23,570.25
Feb 15, 2022	IDA-40620	Int Charges	23,570.25
Feb 15, 2022	IDA-40620	Loan Repay	1,585.11
Aug 15, 2023	IDA-40620	Loan Repay	674.36
Aug 15, 2023	IDA-40620	Int Charges	22,355.34
Aug 15, 2023	IDA-40620	Int Charges	22,355.34
Aug 15, 2023	IDA-40620	Loan Repay	174,661.80
Aug 15, 2023	IDA-40620	Int Charges	974.41
Aug 15, 2023	IDA-40620	Int Charges	974.41
Feb 15, 2023	IDA-40620	Loan Repay	153,011.83
Feb 15, 2023	IDA-40620	Int Charges	22,121.64
Feb 15, 2023	IDA-40620	Int Charges	22,121.64

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2011-06-29
Counterpart Funding	Satisfactory	2011-06-29
Project Management	Moderately Satisfactory	2011-06-29
Progress towards achievement of PDO	Moderately Satisfactory	2011-06-29
Financial Management	Highly Satisfactory	2011-06-29
Monitoring and Evaluation	Satisfactory	2011-06-29
Overall Implementation Progress (IP)	Moderately Satisfactory	2011-06-29

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-28-2012
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Substantial
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Unsatisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Moderately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-27-2013	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Significant	N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Improved capacity of the food safety and property registration institutions	Value	No systems in place	The objective of improving the institutional capac	Central and local capacity developed
	Date	October 31, 2005	June 15, 2011	June 30, 2011
	Comment

Improved incomes for farmers and enterprises from activities supported under the project.	Value	0	+28.3%	+10%
	Date	October 31, 2005	June 15, 2011	June 30, 2011
	Comment		The data was collected through surveying the MFI grantees and the enterprises supported through the credit line to banks.

Improved access to agricultural rural finance.	Value	28% of rural households with access to financial s	41.4%	35%
	Date	October 31, 2005	June 15, 2011	June 30, 2011
	Comment		Additionally, during the project life the number of agro-borrowers increased 3.4 times, while the increase of total number ofborrowers was 2.1 times. The share of agro-borrowers before project was 34%, and now this share is 55%. Also, the share ofagro-portfolioin total portfolio before project was 30%, now this share is 47%.

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Outstanding SME Loan Portfolio Value 0.00 5700000.00 5700000.00
Date March 31, 2011 June 30, 2011
Comment
No of active loan accounts -Microfinance Value 0.00 6000.00 4300.00
Date March 31, 2011 June 30, 2011
Comment
% active loans to women - Microfinance Value 0.00 50.00 50.00
Date March 31, 2011 June 30, 2011
Comment

Number of farmers / farmer groups supported in the supply chain through T&D and grants	Value	0.00	43.00	35.00
	Date	October 30, 2005	March 31, 2011	June 30, 2011
	Comment		1. Hazelnuts T&D project, 17 Direct Beneficiaries and 515 indirect beneficiaries, of which 70% Women and 30% Men 2. Citrus T&DProject, 26 Direct Beneficiaries and 89 indirect beneficiaries, of which 80% Women, 20% Men

Total rural investments generated by the project through the banks. Value 0.00 22000000.00 22000000.00
Date October 30, 2005 March 31, 2011 June 30, 2011
Comment
NUmber of jobs created through PFIs lending with project funds. Value 0.00 205.00 50.00
Date March 31, 2011 June 30, 2011
Comment

Well functioning and effective labs and regional centers for food safety	Value	Non-existent	The renovation of the MOA lab was completed and th	Upgraded
	Date	October 30, 2005	March 31, 2011	June 30, 2011
	Comment

Establishment of the network of NAPR regional centers Value Non-existent Completed Completed
Date October 30, 2005 March 31, 2011 June 30, 2011
Comment
Development of the CORS for NAPR Value Non-existent Completed Completed
Date October 30, 2005 March 31, 2011 June 30, 2011
Comment

Number of supply chains supported.	Value	Zero	Three: wine, citrus and hazelnut	Five
	Date	October 31, 2005	June 15, 2011	June 30, 2011
	Comment		This indicator will not be fully achieved because the Competitive Grant Program Guidelines were not approved by the MOA.

Volume of Bank Support: Lines of Credit - Microfinance Value 0.00 7500000.00 7000000.00
Date June 15, 2011 June 30, 2011
Comment

Volume of Bank Support: Lines of Credit - SME	Value	0.00	5700000.00	10000000.00
	Date		June 15, 2011	June 30, 2011
	Comment		The financial crisis hit the banking sector, and the banks were no longer eligible to draw funds under the credit line. Bank linesof credit were therefore reallocated to microfinance lines of credit.

Volume of Bank Support: Institutional Development - Microfinance Value 0.00 70000.00 100000.00
Date October 31, 2005 March 31, 2011 June 30, 2011
Comment
Volume of Bank Support: Institutional Development - SME Value 0.00 110000.00 110000.00
Date November 8, 2006 March 31, 2011 June 30, 2011
Comment
Outstanding Microfinance Loan Portfolio Value 0.00 4600000.00 4600000.00
Date March 31, 2011 June 30, 2011
Comment

Outstanding SME Loan Portfolio	Value	0.00	5700000.00	5700000.00
	Date		March 31, 2011	June 30, 2011
	Comment

% active loans to women - Microfinance	Value	0.00	50.00	50.00
	Date		March 31, 2011	June 30, 2011
	Comment

Development of the CORS for NAPR	Value	Non-existent	Completed	Completed
	Date	October 30, 2005	March 31, 2011	June 30, 2011
	Comment

Outstanding Microfinance Loan Portfolio	Value	0.00	4600000.00	4600000.00
	Date		March 31, 2011	June 30, 2011
	Comment