Private Sector Competitiveness DPO1

Abstract*

The project development objective for the First Programmatic Private Sector Competitiveness Development Policy Operation for Georgia is to increase private sector competitiveness through second generation business environment reforms, financial sector deepening and diversification, and increasing firms capacity to innovate and to export. This is the first of three programmatic DPOs that will support the reforms addressed in the Socio-economic Development... Show More

Development Objective

The Program Development Objective is to increase private sector competitiveness through second generation business environment reforms, financial sector deepening and diversification, and increasing firms’ capacity to innovate and to export.

Key Details

Project Details

Project ID
P149998
Status
Closed
Team Leader
John Goddard Lopez
Borrower 2
Ministry of Finance

Country
Georgia
Disclosure Date
April 28, 2015
Approval Date
(as of board presentation)
April 28, 2015
Effective Date
June 12, 2015

Total Project Cost 1
US$ 50.00 million
Implementing Agency
Ministry of Economy and Sustainable Development
Region
Europe and Central Asia
Fiscal Year 3
2015

Commitment Amount
US$ 50.00 million
Environmental Category
N/A
Last Update Date
March 25, 2020
Closing Date
December 31, 2015

Last Stage Reached
BANK APPROVED

Associated Projects
P155553

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 - Trade30%
- FY17 - Trade Facilitation30%

FY17 - Finance

FY17 - Financial Infrastructure and Access10%
- FY17 - MSME Finance10%

FY17 - Private Sector Development

FY17 - Business Enabling Environment15%
- FY17 - Innovation and Technology Policy15%
FY17 - Enterprise Development10%
- FY17 - MSME Development10%
FY17 - Jobs7%
- FY17 - Job Creation7%

FY17 - Social Development and Protection

FY17 - Social Protection15%
- FY17 - Social protection delivery systems15%

FY17 - Urban and Rural Development

FY17 - Rural Development7%
- FY17 - Rural Infrastructure and service delivery7%
FY17 - Urban Development7%
- FY17 - Urban Infrastructure and Service Delivery7%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	50.00

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**	50.00

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$)
Jun 12, 2015	IBRD-85040	Fee Charges	150,000.00
Oct 15, 2022	IBRD-85040	Int Charges	917,007.20
Oct 15, 2016	IBRD-85040	Int Charges	539,850.00
Apr 15, 2022	IBRD-85040	Int Charges	360,966.66
Oct 15, 2021	IBRD-85040	Int Charges	381,250.00
Apr 15, 2021	IBRD-85040	Int Charges	379,166.66
Oct 15, 2020	IBRD-85040	Int Charges	677,100.00
Apr 15, 2020	IBRD-85040	Int Charges	905,850.00
Apr 15, 2019	IBRD-85040	Int Charges	1,101,100.00
Oct 15, 2019	IBRD-85040	Int Charges	1,107,150.00
Oct 15, 2018	IBRD-85040	Int Charges	1,052,250.00
Apr 15, 2018	IBRD-85040	Int Charges	3,050.02
Apr 15, 2018	IBRD-85040	Int Charges	755,300.00
Apr 15, 2017	IBRD-85040	Int Charges	658,233.30
Oct 15, 2017	IBRD-85040	Int Charges	716,750.00
Jun 26, 2015	IBRD-85040	Loan Disb	59,850,000.00
Oct 15, 2015	IBRD-85040	Int Charges	229,472.31
Jun 12, 2015	IBRD-85040	Loan Disb	150,000.00
Apr 28, 2015	IBRD-85040	Loan Commitment	60,000,000.00
Apr 15, 2024	IBRD-85040	Int Charges	2,072,459.20
Apr 15, 2024	IBRD-85040	Int Charges	20,811.15
Oct 15, 2023	IBRD-85040	Int Charges	31,667.99
Oct 15, 2023	IBRD-85040	Int Charges	1,914,727.80
Apr 15, 2023	IBRD-85040	Int Charges	61,365.30
Apr 15, 2023	IBRD-85040	Int Charges	1,573,209.00
Apr 15, 2016	IBRD-85040	Int Charges	417,850.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2016-01-04
Progress towards achievement of PDO	Satisfactory	2016-01-04
Monitoring and Evaluation	Satisfactory	2016-01-04
Overall Implementation Progress (IP)	Satisfactory	2016-01-04

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 07-30-2019
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 01-10-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Not Rated	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of SMEs benefiting from EDA services Value 0.00 68.00 100.00
Date December 31, 2013 November 30, 2015 December 31, 2016
Comment
Vehicles with MTPL insurance Value 0.00 0.00 25.00
Date December 31, 2013 November 30, 2015 December 31, 2016
Comment
Incremental private investment in the telecommunications sector Value 0.00 26900000.00 50000000.00
Date December 31, 2013 November 30, 2015 December 31, 2016
Comment
Major draft economic laws that are made available for public review Value 0.00 0.00 100.00
Date December 31, 2013 November 30, 2015 December 31, 2016
Comment
Number of registered users in the e-Procurement system Value 15625.00 19911.00 30000.00
Date December 31, 2013 December 31, 2014 December 31, 2016
Comment
Number of SPA tenders monitored for unlawful practices Value 13000.00 13000.00 45000.00
Date December 31, 2013 December 31, 2014 December 31, 2016
Comment

The Deposit Insurance Agency has initial capital and launches its operations	Value	No DIS Agency	No DIS Agency	The Deposit Insurance Agency has initial capital a
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment

The asset management system for the new contributory pensions has been established and the personified accounts are ready to receive contributions.	Value	No system placed.	No system placed.	The asset management system for the new contributo
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment

Insurance companies that are in compliance with EU solvency I margin requirements as set for 2017 by the insurance regulator.	Value	0.00	0.00	100.00
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment

Broadband Internet subscriptions Value 33.00 48.50 45.00
Date December 31, 2013 June 30, 2015 December 31, 2016
Comment
Score on the Global Innovation Index Value 34.53 (GII 2014) 33.83 (GII 2015) 37.0 (GII 2017)
Date December 31, 2013 December 31, 2014 December 31, 2016
Comment
Number of firms/individuals that obtained innovation finance from GITA Value 0.00 17.00 50.00
Date December 31, 2013 November 30, 2015 December 31, 2016
Comment

Technology part and two (2) fabrication laboratories are operational	Value	NA	Two fabrication laboratories have been established	Technology part and two (2) fabrication laboratori
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment

Incremental number of certificates issued by GeoSTM Value 842 925 (9.8% increase) 9.5% increase
Date December 31, 2013 November 30, 2015 December 31, 2016
Comment

Incremental number of certificates issues by calibration/verification entities that received traceability from GeoSTM	Value	1800	1980 (10% increase)	20% increase
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment

Vehicles with MTPL insurance	Value	0.00	0.00	25.00
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment

Number of registered users in the e-Procurement system	Value	15625.00	19911.00	30000.00
	Date	December 31, 2013	December 31, 2014	December 31, 2016
	Comment

Number of SPA tenders monitored for unlawful practices	Value	13000.00	13000.00	45000.00
	Date	December 31, 2013	December 31, 2014	December 31, 2016
	Comment

Broadband Internet subscriptions	Value	33.00	48.50	45.00
	Date	December 31, 2013	June 30, 2015	December 31, 2016
	Comment

Score on the Global Innovation Index	Value	34.53 (GII 2014)	33.83 (GII 2015)	37.0 (GII 2017)
	Date	December 31, 2013	December 31, 2014	December 31, 2016
	Comment

Incremental number of certificates issued by GeoSTM	Value	842	925 (9.8% increase)	9.5% increase
	Date	December 31, 2013	November 30, 2015	December 31, 2016
	Comment