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Economic Management and Competitiveness Development Policy Operation

Abstract*

This program document describes a loan to Georgia to support the Economic Management and Competitiveness Development Policy Operation (DPO). The DPO would support a core set of reforms of the Government of Georgia (GOG) to sustain rapid growth, and ensure greater inclusion, job creation, and resilience by: i) strengthening economic management through improving the efficiency of public resource use; and ii) enhancing competitiveness through introducing...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To support the Government’s program of reforms to sustain rapid growth, and ensure greater inclusion, job creation and resilience by: i) strengthening economic management through improving the efficiency of public resource use and ii) enhancing competitiveness through introducing evidence-based policy making, promoting more competitive markets, diversifying the financial sector, improving teacher deployment and remuneration with a view toward ensuring a more qualified workforce over the long term, and strengthening investment promotion.

Key Details

Project Details

  • P169913

  • Closed

  • Evgenij Najdov , Mariam Dolidze

  • Georgia

  • Georgia

  • June 26, 2019

  • (as of board presentation)

    March 26, 2020

  • April 30, 2020

  • US$ 0.00 million

  • Ministry of Economy and Sustainable Development,Ministry of Finance

  • Europe and Central Asia

  • 2020

  • US$ 49.60 million

  • N/A

  • Not Applicable

  • March 31, 2021

  • BANK APPROVED

  • February 26, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 49.60

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 49.60
IDA Commitment N/A
IBRD + IDA Commitment 49.60
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 15, 2023 IBRD-91430 Int Charges 334,986.53
Feb 15, 2021 IBRD-91430 Int Charges 271,946.03
Feb 15, 2021 IBRD-91430 Int Charges 13,711.05
Feb 15, 2021 IBRD-90630 Int Charges 379,459.60
Oct 6, 2020 IBRD-91430 Loan Disb 53,003,248.00
Oct 6, 2020 IBRD-91430 Loan Disb -53,003,248.00
Aug 15, 2020 IBRD-90630 Int Charges 178,515.34
Aug 15, 2020 IBRD-90630 Int Charges 8,299.13
Sep 15, 2020 IBRD-91430 Fee Charges 133,869.38
Sep 15, 2020 IBRD-91430 Loan Disb 133,869.38
Apr 30, 2020 IBRD-90630 Fee Charges 122,355.00
Apr 30, 2020 IBRD-90630 Loan Disb 122,355.00
May 11, 2020 IBRD-90630 Loan Disb 48,566,032.00
May 18, 2020 IBRD-90630 Loan Disb 48,654,000.00
May 18, 2020 IBRD-90630 Loan Disb -48,654,000.00
Sep 25, 2020 IBRD-91430 Loan Disb 52,269,248.00
Feb 15, 2022 IBRD-90630 Int Charges 354,846.16
Aug 15, 2021 IBRD-90630 Int Charges 367,449.97
Aug 15, 2021 IBRD-91430 Int Charges 367,449.97
Aug 15, 2022 IBRD-91430 Int Charges 319,130.10
Aug 15, 2022 IBRD-90630 Int Charges 319,130.10
Feb 15, 2022 IBRD-91430 Int Charges 354,846.16
Aug 15, 2023 IBRD-91430 Int Charges 341,960.84
Aug 15, 2023 IBRD-90630 Int Charges 341,960.84
Feb 15, 2021 IBRD-91430 Int Charges 7,449.49
Feb 15, 2023 IBRD-90630 Int Charges 334,986.53
Aug 15, 2024 IBRD-90630 Int Charges 344,353.38
Feb 15, 2024 IBRD-90630 Int Charges 335,768.40
Feb 15, 2024 IBRD-91430 Int Charges 335,768.40
Aug 15, 2024 IBRD-91430 Int Charges 344,353.38
Jun 30, 2020 IBRD-91430 Loan Commitment 48,900,000.00
Mar 26, 2020 IBRD-90630 Loan Commitment 49,600,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-29-2022
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.