Georgia: Third Development Policy Operation

Abstract*

The Third Development Policy Operation (DPO-3) Program is the third in a series of three programmatic development policy operations intended to support the Government of Georgia's policy reform program to: mitigate the impact of the economic 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... Show More

Development Objective

The Third Development Policy Operation (DPO-3) is the third in a series of three programmatic development policy operations to support Government's policy reform program 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. DPO-3 emphasizes the second objective, to sustain the economic recovery and prepare the conditions for post-crisis growth. In addition to a satisfactory macroeconomic and fiscal framework, themain policy areas supported are: (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
P122202
Status
Closed
Team Leader
Faruk Khan
Borrower 2
N/A

Country
Georgia
Disclosure Date
August 15, 2011
Approval Date
(as of board presentation)
July 21, 2011
Effective Date
November 15, 2011

Total Project Cost 1
US$ 40.00 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2012

Commitment Amount
US$ 40.00 million
Environmental Category
N/A
Last Update Date
February 26, 2024
Closing Date
March 31, 2012

Last Stage Reached
BANK APPROVED
Parent Projects
P112700

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	40.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	40.00
IBRD + IDA Commitment	40.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	40.00

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$)
Oct 15, 2016	IDA-50080	Loan Repay	788,485.44
Oct 15, 2016	IDA-50080	Int Charges	129,247.50
Apr 15, 2020	IDA-50080	Int Charges	98,524.00
Apr 15, 2020	IDA-50080	Int Charges	98,524.00
Apr 15, 2020	IDA-50080	Int Charges	164,206.75
Apr 15, 2020	IDA-50080	Loan Repay	3,764.16
Apr 15, 2020	IDA-50080	Loan Repay	864,549.50
Oct 15, 2020	IDA-50080	Int Charges	97,238.37
Oct 15, 2020	IDA-50080	Loan Repay	915.51
Oct 15, 2020	IDA-50080	Int Charges	97,238.37
Oct 15, 2020	IDA-50080	Int Charges	161,227.23
Oct 15, 2020	IDA-50080	Loan Repay	581,336.50
Oct 15, 2020	IDA-50080	Int Charges	156.51
Oct 15, 2020	IDA-50080	Int Charges	156.51
Oct 15, 2016	IDA-50080	Int Charges	129,247.50
Oct 15, 2016	IDA-50080	Int Charges	215,412.53
Apr 15, 2017	IDA-50080	Int Charges	112,125.86
Apr 15, 2017	IDA-50080	Int Charges	112,125.86
Apr 15, 2017	IDA-50080	Int Charges	196,015.10
Apr 15, 2017	IDA-50080	Int Charges	11,038.77
Apr 15, 2017	IDA-50080	Int Charges	11,038.77
Apr 15, 2017	IDA-50080	Loan Repay	1,102,637.00
Oct 15, 2017	IDA-50080	Loan Repay	15,755.52
Apr 15, 2017	IDA-50080	Loan Repay	18,199.77
Oct 15, 2017	IDA-50080	Int Charges	123,880.80
Oct 15, 2017	IDA-50080	Int Charges	123,880.80
Oct 15, 2017	IDA-50080	Int Charges	198,573.98
Oct 15, 2017	IDA-50080	Int Charges	9,642.27
Oct 15, 2017	IDA-50080	Loan Repay	1,151,429.80
Apr 15, 2018	IDA-50080	Loan Repay	4,674.99
Apr 15, 2018	IDA-50080	Int Charges	8,115.23
Apr 15, 2018	IDA-50080	Loan Repay	1,195,221.50
Apr 15, 2018	IDA-50080	Int Charges	122,853.00
Apr 15, 2018	IDA-50080	Int Charges	122,853.00
Apr 15, 2018	IDA-50080	Int Charges	204,755.05
Oct 15, 2018	IDA-50080	Int Charges	174,505.70
Oct 15, 2018	IDA-50080	Loan Repay	4,402.79
Oct 15, 2018	IDA-50080	Loan Repay	1,141,288.50
Oct 15, 2018	IDA-50080	Loan Repay	7,534.96
Oct 15, 2018	IDA-50080	Int Charges	113,750.04
Apr 15, 2016	IDA-50080	Int Charges	131,774.06
Apr 15, 2016	IDA-50080	Int Charges	3,538.97
Oct 15, 2016	IDA-50080	Loan Repay	58.07
Oct 15, 2016	IDA-50080	Loan Repay	348,834.47
Oct 15, 2018	IDA-50080	Int Charges	113,750.04
Oct 15, 2014	IDA-50080	Int Charges	949.38
Oct 15, 2014	IDA-50080	Int Charges	139,156.88
Oct 15, 2014	IDA-50080	Int Charges	139,156.88
Oct 15, 2014	IDA-50080	Int Charges	231,928.16
Oct 15, 2013	IDA-50080	Int Charges	4,913.61
Oct 15, 2013	IDA-50080	Int Charges	4,913.61
Oct 15, 2013	IDA-50080	Int Charges	138,525.77
Oct 15, 2013	IDA-50080	Int Charges	138,525.77
Oct 15, 2013	IDA-50080	Int Charges	236,098.17
Apr 15, 2014	IDA-50080	Int Charges	145,128.75
Apr 15, 2014	IDA-50080	Int Charges	145,128.75
Apr 15, 2014	IDA-50080	Int Charges	240,891.16
Apr 15, 2014	IDA-50080	Int Charges	3,002.44
Apr 15, 2015	IDA-50080	Int Charges	117,476.09
Apr 15, 2015	IDA-50080	Int Charges	214,470.34
Apr 15, 2015	IDA-50080	Int Charges	117,476.09
Apr 15, 2015	IDA-50080	Int Charges	11,206.10
Apr 15, 2015	IDA-50080	Int Charges	11,206.10
Oct 15, 2015	IDA-50080	Int Charges	10,722.50
Oct 15, 2015	IDA-50080	Int Charges	10,722.50
Oct 15, 2015	IDA-50080	Int Charges	122,207.50
Oct 15, 2015	IDA-50080	Int Charges	122,207.50
Oct 15, 2015	IDA-50080	Int Charges	217,980.02
Apr 15, 2016	IDA-50080	Int Charges	219,623.47
Apr 15, 2016	IDA-50080	Int Charges	131,774.06
Apr 15, 2023	IDA-50080	Loan Repay	43,560.82
Apr 15, 2023	IDA-50080	Loan Repay	1,073,975.90
Apr 15, 2023	IDA-50080	Int Charges	29,362.57
Apr 15, 2023	IDA-50080	Int Charges	29,362.57
Apr 15, 2023	IDA-50080	Int Charges	51,531.81
Apr 15, 2023	IDA-50080	Int Charges	51,531.81
Apr 15, 2023	IDA-50080	Int Charges	117,885.08
Oct 15, 2023	IDA-50080	Int Charges	16,380.35
Oct 15, 2023	IDA-50080	Loan Repay	879,218.60
Oct 15, 2023	IDA-50080	Int Charges	74,174.22
Oct 15, 2023	IDA-50080	Int Charges	74,174.22
Oct 15, 2023	IDA-50080	Int Charges	123,623.73
Oct 15, 2023	IDA-50080	Loan Repay	201,465.36
Apr 15, 2024	IDA-50080	Loan Repay	897,172.75
Apr 15, 2024	IDA-50080	Loan Repay	22,172.16
Apr 15, 2024	IDA-50080	Int Charges	70,466.89
Apr 15, 2024	IDA-50080	Int Charges	70,466.89
Apr 15, 2024	IDA-50080	Int Charges	117,444.90
Apr 15, 2024	IDA-50080	Loan Repay	166,660.38
Jul 21, 2011	IDA-50080	Loan Commitment	40,000,000.00
Apr 15, 2021	IDA-50080	Int Charges	1,110.85
Apr 15, 2021	IDA-50080	Loan Repay	589,297.50
Apr 15, 2021	IDA-50080	Int Charges	0.01
Apr 15, 2021	IDA-50080	Int Charges	0.01
Apr 15, 2021	IDA-50080	Int Charges	3,901.02
Apr 15, 2021	IDA-50080	Int Charges	3,901.02
Apr 15, 2021	IDA-50080	Int Charges	92,462.51
Apr 15, 2021	IDA-50080	Int Charges	92,462.51
Apr 15, 2021	IDA-50080	Int Charges	160,605.90
Oct 15, 2021	IDA-50080	Int Charges	10,700.67
Oct 15, 2021	IDA-50080	Int Charges	10,700.67
Oct 15, 2021	IDA-50080	Loan Repay	7,206.80
Oct 15, 2021	IDA-50080	Loan Repay	575,193.70
Oct 15, 2021	IDA-50080	Int Charges	82,351.01
Oct 15, 2021	IDA-50080	Int Charges	82,351.01
Oct 15, 2021	IDA-50080	Int Charges	155,086.19
Apr 15, 2022	IDA-50080	Int Charges	146,567.72
Apr 15, 2022	IDA-50080	Loan Repay	4,982.47
Apr 15, 2022	IDA-50080	Loan Repay	235,436.64
Apr 15, 2022	IDA-50080	Loan Repay	323,220.90
Apr 15, 2022	IDA-50080	Int Charges	87,940.63
Apr 15, 2022	IDA-50080	Int Charges	87,940.63
Oct 15, 2022	IDA-50080	Loan Repay	20,117.24
Oct 15, 2022	IDA-50080	Loan Repay	1,032,995.25
Oct 15, 2022	IDA-50080	Int Charges	56,326.49
Oct 15, 2022	IDA-50080	Int Charges	56,326.49
Oct 15, 2022	IDA-50080	Int Charges	23,853.66
Oct 15, 2022	IDA-50080	Int Charges	23,853.66
Oct 15, 2022	IDA-50080	Int Charges	133,633.62
Apr 15, 2019	IDA-50080	Int Charges	14,998.56
Apr 15, 2019	IDA-50080	Loan Repay	1,128,921.80
Apr 15, 2019	IDA-50080	Loan Repay	18,249.05
Apr 15, 2019	IDA-50080	Int Charges	108,850.82
Apr 15, 2019	IDA-50080	Int Charges	108,850.82
Apr 15, 2019	IDA-50080	Int Charges	177,302.62
Oct 15, 2019	IDA-50080	Int Charges	103,061.76
Oct 15, 2019	IDA-50080	Int Charges	103,061.76
Oct 15, 2019	IDA-50080	Int Charges	171,769.62
Oct 15, 2019	IDA-50080	Int Charges	4,056.92
Oct 15, 2019	IDA-50080	Loan Repay	275,576.06
Oct 15, 2019	IDA-50080	Loan Repay	855,276.20
Oct 15, 2019	IDA-50080	Int Charges	0.01
Oct 15, 2019	IDA-50080	Int Charges	0.01
Apr 15, 2020	IDA-50080	Loan Repay	259,139.60

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2011-12-05
Progress towards achievement of PDO	Satisfactory	2011-12-05
Monitoring and Evaluation	Satisfactory	2011-12-05
Overall Implementation Progress (IP)	Satisfactory	2011-12-05

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: 06-14-2018	PROJECT PERFORMANCE ASSESSMENT REPORT: 06-23-2016
Outcome Rating	Satisfactory	Satisfactory
Risk To Development Outcome	Moderate	Moderate
Bank Performance	Satisfactory	Satisfactory
Borrower Performance	Satisfactory	Satisfactory
Government Performance		Satisfactory
Implementing Agency	Satisfactory	Satisfactory
Icr Quality		Satisfactory
M&e Quality	Substantial	Substantial

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

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	Increased accountability for implementation of pub	Increased accountability for implementation of pub
	Date	December 31, 2008	June 30, 2011	December 31, 2011
	Comment

Number of first-level spending units and programs covered by results-oriented budgets, with improved performance indicators and reporting on annual performance.	Value	No first-level government spending units or progra	Five first-level government spending units, each i	Five first-level government spending units, each i
	Date	December 31, 2008	June 30, 2011	December 31, 2011
	Comment

Stable tax revenue performance: no significant decline in tax revenue/GDP ratio.	Value	Tax revenues24.9% of GDP in 2008	Tax revenues projected at 24.9% of GDP in 2011	Tax revenues projected to remain stable at about 2
	Date	December 31, 2008	November 15, 2011	December 31, 2011
	Comment

Time required to import and export.	Value	Time to export: 12 daysTime to import: 14 days.	Time to export: 10 days, down 17%;Time to import:	Reduction in time to trade across borders by at le
	Date	December 31, 2008	December 31, 2010	December 31, 2011
	Comment

Lay basis to create improved conditions for access of Georgian products to European and international markets.	Value	No framework for trade-related reforms to improve	Priority trade-related reforms implemented to lay	Priority trade-related reforms implemented to lay
	Date	December 31, 2008	June 30, 2011	December 31, 2011
	Comment

Percent of bottom quintile and in particular, bottom decile receiving Targeted Social Assistance.	Value	31.6% of bottom decile; 21.7% of bottom quintile	38.9% of bottom decile;27.4% of bottom quintile	Approaching 45% of the bottom decile.
	Date	December 31, 2007	December 31, 2009	December 31, 2011
	Comment

Percent of TSA recipients who are in the bottom quintile and bottom decile.	Value	47% goes to bottom decile; 65% goes to bottom quin	44% goes to bottom decile62% goes to bottom quint	At least 60% or more goes to bottom quintile.
	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% 36.9% At least 35% at the end of the program.
Date December 31, 2007 December 31, 2010 December 31, 2011
Comment
Share of population with access to health insurance. Value 12.3% 29.4% At least 35% or better.
Date December 31, 2007 December 31, 2010 December 31, 2011
Comment

Increase in accountability and efficiency of the institutional framework for state-funded health programs.	Value	Limited public stewardship measures for promoting	Information platform for efficiency improvements e	Information platform for efficiency improvements e
	Date	December 31, 2008	November 15, 2011	December 31, 2011
	Comment

Time required for tax compliance.	Value	387 hours per year	Time remains at 387 hours in 2010 in Doing Busines	Reduction in number of hours used for paying taxes
	Date	December 31, 2008	December 31, 2010	December 31, 2011
	Comment

Increased reliability and independence of statistics, streamlined institutional structures, and improved human capacity and public outreach.	Value	Uneven reliability and independence of statistics,	Reliability of statistics and human capacity of st	Reliability of statistics and human capacity of st
	Date	December 31, 2008	November 15, 2011	December 31, 2011
	Comment

Share of bottom two quintiles with access to publicly subsidized health insurance.	Value	20.7%	36.9%	At least 35% at the end of the program.
	Date	December 31, 2007	December 31, 2010	December 31, 2011
	Comment

Share of population with access to health insurance.	Value	12.3%	29.4%	At least 35% or better.
	Date	December 31, 2007	December 31, 2010	December 31, 2011
	Comment