Georgia: First Development Policy Operation (DPO-1)

Abstract*

The First Development Policy Operation (DPO) Program series is the central component supporting structural reforms in Georgia of the upcoming country partnership strategy covering 2010-13. The DPO is directed at supporting reforms to: (i) mitigate the impact of the economic downturn in the short-term; and (ii) facilitate recovery and prepare Georgia for post-crisis growth in the medium-term. Strong reforms following the rose revolution in 2003 led... Show More

Development Objective

The First Development Policy Operation (DPO-1) supported the objectives of the Government's policy reform program, which are to mitigate the impact of the downturn in the short-term and facilitate recovery and prepare Georgia for post-crisis growth in the medium term. In addition to a satisfactory macroeconomic and fiscal framework, the main policy areas supported included: (i) improving the efficiency and effectiveness of public finances; (ii) improving the effectiveness of the social safety net; and (iii) improving external competitiveness.

Key Details

Project Details

Project ID
P112700
Status
Closed
Team Leader
Faruk Khan
Borrower 2
N/A

Country
Georgia
Disclosure Date
June 2, 2009
Approval Date
(as of board presentation)
July 2, 2009
Effective Date
July 16, 2009

Total Project Cost 1
US$ 85.00 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2010

Commitment Amount
US$ 85.00 million
Environmental Category
N/A
Last Update Date
February 26, 2024
Closing Date
March 31, 2010

Last Stage Reached
BANK APPROVED

Associated Projects
P122202
P117698

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 - Trade33%
- FY17 - Trade Facilitation33%

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration17%
- FY17 - Transparency, Accountability and Good Governance17%
FY17 - Public Finance Management17%
- FY17 - Public Expenditure Management17%

FY17 - Social Development and Protection

FY17 - Social Protection33%
- FY17 - Social Safety Nets33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	85.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	85.00
IBRD + IDA Commitment	85.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	85.00

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

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 15, 2018	IDA-46230	Int Charges	7,299.50
Mar 15, 2018	IDA-46230	Int Charges	307,265.62
Mar 15, 2018	IDA-46230	Int Charges	307,265.62
Mar 15, 2017	IDA-46230	Int Charges	1,330.76
Mar 15, 2017	IDA-46230	Int Charges	1,330.76
Sep 15, 2017	IDA-46230	Int Charges	297,900.25
Sep 15, 2017	IDA-46230	Int Charges	297,900.25
Mar 15, 2017	IDA-46230	Int Charges	289,489.20
Mar 15, 2017	IDA-46230	Int Charges	289,489.20
Mar 15, 2016	IDA-46230	Int Charges	296,751.53
Sep 15, 2016	IDA-46230	Int Charges	2,216.10
Sep 15, 2016	IDA-46230	Int Charges	2,216.10
Sep 15, 2016	IDA-46230	Int Charges	298,985.72
Sep 15, 2016	IDA-46230	Int Charges	298,985.72
Sep 15, 2015	IDA-46230	Int Charges	12,147.13
Sep 15, 2015	IDA-46230	Int Charges	12,147.13
Sep 15, 2015	IDA-46230	Int Charges	287,642.38
Sep 15, 2015	IDA-46230	Int Charges	287,642.38
Mar 15, 2016	IDA-46230	Int Charges	296,751.53
Mar 15, 2016	IDA-46230	Int Charges	2,729.93
Mar 15, 2016	IDA-46230	Int Charges	2,729.93
Mar 15, 2014	IDA-46230	Int Charges	329,073.30
Mar 15, 2014	IDA-46230	Int Charges	329,073.30
Sep 15, 2014	IDA-46230	Int Charges	3,465.91
Sep 15, 2014	IDA-46230	Int Charges	3,465.91
Sep 15, 2014	IDA-46230	Int Charges	321,694.22
Sep 15, 2014	IDA-46230	Int Charges	321,694.22
Mar 15, 2015	IDA-46230	Int Charges	9,828.05
Mar 15, 2015	IDA-46230	Int Charges	9,828.05
Mar 15, 2015	IDA-46230	Int Charges	284,232.12
Mar 15, 2015	IDA-46230	Int Charges	284,232.12
Sep 15, 2013	IDA-46230	Int Charges	7,276.63
Sep 15, 2013	IDA-46230	Int Charges	7,276.63
Sep 15, 2013	IDA-46230	Int Charges	314,226.66
Sep 15, 2013	IDA-46230	Int Charges	314,226.66
Mar 15, 2014	IDA-46230	Int Charges	4,412.82
Mar 15, 2014	IDA-46230	Int Charges	4,412.82
Mar 15, 2024	IDA-46230	Loan Repay	106,965.56
Mar 15, 2024	IDA-46230	Loan Repay	3,701,410.50
Mar 15, 2019	IDA-46230	Int Charges	153.34
Sep 15, 2018	IDA-46230	Int Charges	4,309.66
Sep 15, 2018	IDA-46230	Int Charges	4,309.66
Sep 15, 2018	IDA-46230	Int Charges	300,724.66
Sep 15, 2018	IDA-46230	Int Charges	300,724.66
Sep 15, 2017	IDA-46230	Int Charges	355.55
Sep 15, 2017	IDA-46230	Int Charges	355.55
Mar 15, 2018	IDA-46230	Int Charges	7,299.50
Mar 15, 2021	IDA-46230	Int Charges	260,447.62
Mar 15, 2021	IDA-46230	Loan Repay	46,751.96
Mar 15, 2021	IDA-46230	Int Charges	80,843.17
Mar 15, 2021	IDA-46230	Int Charges	80,843.17
Mar 15, 2021	IDA-46230	Loan Repay	4,038,700.80
Sep 15, 2020	IDA-46230	Loan Repay	64,993.16
Sep 15, 2020	IDA-46230	Int Charges	193,309.25
Sep 15, 2020	IDA-46230	Int Charges	193,309.25
Sep 15, 2020	IDA-46230	Loan Repay	3,976,486.80
Sep 15, 2019	IDA-46230	Loan Repay	635.26
Sep 15, 2019	IDA-46230	Loan Repay	296,391.47
Sep 15, 2019	IDA-46230	Loan Repay	3,630,239.50
Sep 15, 2019	IDA-46230	Int Charges	294,544.97
Sep 15, 2019	IDA-46230	Int Charges	294,544.97
Mar 15, 2020	IDA-46230	Loan Repay	3,660,030.50
Mar 15, 2020	IDA-46230	Int Charges	280,834.56
Mar 15, 2020	IDA-46230	Int Charges	280,834.56
Mar 15, 2020	IDA-46230	Loan Repay	35,571.96
Mar 15, 2020	IDA-46230	Loan Repay	245,935.05
Mar 15, 2019	IDA-46230	Int Charges	298,661.22
Mar 15, 2019	IDA-46230	Int Charges	298,661.22
Mar 15, 2019	IDA-46230	Int Charges	153.34
Mar 15, 2024	IDA-46230	Int Charges	119,692.56
Mar 15, 2024	IDA-46230	Int Charges	119,692.56
Mar 15, 2024	IDA-46230	Int Charges	37,402.95
Mar 15, 2024	IDA-46230	Int Charges	37,402.95
Jul 2, 2009	IDA-46230	Loan Commitment	85,000,000.00
Mar 15, 2023	IDA-46230	Loan Repay	3,764,000.20
Mar 15, 2023	IDA-46230	Int Charges	92,452.38
Mar 15, 2023	IDA-46230	Int Charges	92,452.38
Mar 15, 2023	IDA-46230	Int Charges	93,155.76
Mar 15, 2023	IDA-46230	Int Charges	93,155.76
Mar 15, 2023	IDA-46230	Loan Repay	43,346.17
Sep 15, 2023	IDA-46230	Loan Repay	122,825.32
Sep 15, 2023	IDA-46230	Int Charges	169,719.27
Sep 15, 2023	IDA-46230	Int Charges	169,719.27
Sep 15, 2023	IDA-46230	Loan Repay	3,597,213.80
Sep 15, 2023	IDA-46230	Loan Repay	51,500.12
Sep 15, 2022	IDA-46230	Int Charges	0.01
Sep 15, 2022	IDA-46230	Int Charges	127,576.66
Sep 15, 2022	IDA-46230	Int Charges	127,576.66
Sep 15, 2022	IDA-46230	Loan Repay	86,392.67
Sep 15, 2022	IDA-46230	Int Charges	66,854.08
Sep 15, 2022	IDA-46230	Int Charges	66,854.08
Sep 15, 2022	IDA-46230	Loan Repay	3,617,050.00
Sep 15, 2022	IDA-46230	Int Charges	0.01
Mar 15, 2022	IDA-46230	Int Charges	4,163.98
Mar 15, 2022	IDA-46230	Int Charges	4,163.98
Mar 15, 2022	IDA-46230	Loan Repay	226,582.17
Mar 15, 2022	IDA-46230	Loan Repay	3,718,301.80
Mar 15, 2022	IDA-46230	Int Charges	221,899.70
Mar 15, 2022	IDA-46230	Int Charges	221,899.70
Sep 15, 2021	IDA-46230	Int Charges	207,518.81
Sep 15, 2021	IDA-46230	Int Charges	207,518.81
Sep 15, 2021	IDA-46230	Loan Repay	36,939.12
Sep 15, 2021	IDA-46230	Loan Repay	4,041,421.00
Sep 15, 2021	IDA-46230	Int Charges	0.01
Sep 15, 2021	IDA-46230	Int Charges	0.01
Sep 15, 2021	IDA-46230	Int Charges	32,877.91
Sep 15, 2021	IDA-46230	Int Charges	32,877.91
Sep 15, 2020	IDA-46230	Loan Repay	10,110.45
Mar 15, 2021	IDA-46230	Int Charges	260,447.62

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2010-05-07
Progress towards achievement of PDO	Satisfactory	2010-05-07
Monitoring and Evaluation	Satisfactory	2010-05-07

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-27-2012
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-23-2016	PROJECT PERFORMANCE ASSESSMENT REPORT: 06-14-2018
Outcome Rating	Satisfactory	Satisfactory
Risk To Development Outcome	Moderate	Modest
Bank Performance	Satisfactory	Satisfactory
Borrower Performance	Satisfactory	Satisfactory
Government Performance	Satisfactory	Not Rated
Implementing Agency	Satisfactory	Satisfactory
Icr Quality	Satisfactory	Not Rated
M&e Quality	Substantial	Substantial

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

GDP growth Value 2.1% -4% Economic recovery and acceleration of growth, depe
Date December 31, 2008 December 31, 2009 December 31, 2011
Comment
Inflation rate (eop) Value 5.5% 3.0% Low to moderate inflation with core inflation rema
Date December 31, 2008 December 31, 2009 December 31, 2011
Comment
Overall fiscal deficit (cash basis) to GDP Value -6.3% -9.2% Fiscal deficit anchors macroeconomic stability, is
Date December 31, 2008 December 31, 2009 December 31, 2011
Comment
External public debt to GDP ratio Value 20.9% 31.6% Sustainable level of public debt, with external pu
Date December 31, 2008 December 31, 2009 December 31, 2011
Comment

Number of first-level spending units and programs covered by results-oriented budgets	Value	No first-level government spending units or progra	Information requirements to support results-orient	Five first-level government spending units, each i
	Date	December 31, 2008	August 31, 2009	August 31, 2011
	Comment

Programming of public investment over medium term horizon: Procedures for preparing, prioritizing, selecting, and monitoring publicinvestment projects	Value	No standard guidelines for programming public inve	Initial steps taken in improving public investment	Increase accountability for implementation of publ
	Date	December 31, 2008	August 31, 2009	August 31, 2011
	Comment

Percent of poor and in particular, extreme poor receiving Targeted Social Assistance	Value	30.4% of extreme poor; 19% of poor; 31.6% of botto	Target of at least 30% or more of the extreme poor	Target of approaching 50% of the extreme poor
	Date	December 31, 2007	December 31, 2009	December 31, 2011
	Comment

Percent of TSA recipients who are poor or extreme poor	Value	70% goes to poor or extreme poor; 47% goes to bott	Target of maintaining at about 70% or more going t	Target of maintaining at about 70% or more going t
	Date	December 31, 2007	December 31, 2009	December 31, 2011
	Comment

Share of bottom two quintiles with access to publicly subsidized health insurance	Value	20.7%	Target of at least 35% or better; Actual 25.7% (pr	Target of at least 45% at the end of the program
	Date	December 31, 2007	December 31, 2009	December 31, 2011
	Comment

Share of population with access to health insurance	Value	12.3%	Target of at least 25% or better; Actual 23.4% (pr	Target of at least 35% or better
	Date	December 31, 2007	December 31, 2009	December 31, 2011
	Comment

#Paying Taxes# rank in Doing Business	Value	110th place	Target of improvement in ranking by 5-10 percent.	Target of average annual improvement in ranking by
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment

Time required for tax compliance	Value	387 hours per year	Target of Reduction in number of hours used for pa	Target of reduction in number of hours used for pa
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment

Time required to import and export	Value	Time to export: 12 days; Time to import: 14 days	Target of Reduction in time to trade across border	Target of reduction in time to trade across border
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

N/A Value
Date
Comment

GDP growth	Value	2.1%	-4%	Economic recovery and acceleration of growth, depe
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment

Inflation rate (eop)	Value	5.5%	3.0%	Low to moderate inflation with core inflation rema
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment

Overall fiscal deficit (cash basis) to GDP	Value	-6.3%	-9.2%	Fiscal deficit anchors macroeconomic stability, is
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment

External public debt to GDP ratio	Value	20.9%	31.6%	Sustainable level of public debt, with external pu
	Date	December 31, 2008	December 31, 2009	December 31, 2011
	Comment