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Economic Management and Competitiveness Development Policy Operation: COVID19 Supplemental Financing

Abstract*

The development objective of Economic Management and Competitiveness Development Policy Operation Coronavirus (COVID-19) Supplemental Loan Project aims 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...

* 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

  • P173965

  • Closed

  • Mariam Dolidze , Evgenij Najdov

  • Georgia

  • Georgia

  • July 5, 2020

  • (as of board presentation)

    June 30, 2020

  • N/A

  • US$ 0.00 million

  • Ministry of Economy and Sustainable Development,Ministry of Finance

  • Europe and Central Asia

  • 2020

  • US$ 48.90 million

  • N/A

  • N/A

  • March 31, 2021

  • BANK APPROVED

  • P169913

  • February 26, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 48.90

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 48.90
IDA Commitment N/A
IBRD + IDA Commitment 48.90
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.