Number of Active Projects
The new Country Partnership Framework (CPF) for FY19-22, developed in collaboration with the Government of Georgia and endorsed by the Board on May 22, 2018, aims to support sustainable and inclusive growth and improvements in living standards.
The current active portfolio consists of 12 investment projects with total commitments of $751.95 million, of which roughly $258.49 million has already been disbursed. About 37 percent of commitments are concentrated on the ongoing East-West Highway and Secondary Roads Projects, 17 percent on energy and extractives, 14 percent on education, and 13 percent on urban development. The remaining 19 percent covers water, macroeconomics, and trade, as well as private and financial sector development.
In FY20, Additional Financing for the Irrigation and Land Market Development Project, with a total International Bank for Reconstruction and Development (IBRD) commitment of $20.43 million, and an Economic Management and Competitiveness Development Policy Operation (DPO), with an IBRD commitment of $49.6 million, were approved by the board. One more IBRD lending operation (Additional Financing for the Second Regional Municipal and Infrastructure Development Project), with a total commitment estimated at $40 million, is envisaged for FY20 delivery.
In addition to the investment portfolio, there is an active program of four recipient-executed trust fund operations of about $16.23 million, of which roughly 96 percent has been disbursed.
Although the Bank’s investment portfolio has been predominantly in infrastructure, it is currently transitioning to human capital, economic competitiveness, and resilience to align with CPF objectives.
There is strong client demand, and the teams are preparing the following projects for FY21 delivery: Log-In Georgia, the Integrated Regional and Local Development Project, and Human Capital Development, as well as COVID-19–related emergency operations, such as the Fast Track COVID-19 Facility (FTCF), Additional Financing for the Economic Management and Competitiveness DPO, and the Economic Recovery and Jobs Project.
The Bank’s overall partnership with the Government of Georgia is broader, with in-depth dialogue and analytical and knowledge activities in many areas, such as public administration, financial inclusion, gender, health, education, and pensions.
The World Bank supports Georgia’s aspiration to play a leadership role and become a regional hub for logistics, energy, trade, innovation, and tourism in the Silk Road Corridor through better connectivity and infrastructure, including digital infrastructure.
The arrival of the COVID-19 pandemic has underlined the critical importance of digital technologies and connectivity. With the World Bank’s assistance, closely coordinated with the Government, Georgia has been progressing on its digital journey and unlocking an increasing number of digital opportunities.
The support provided by the Bank includes assistance on regulatory reforms, such as the introduction of fourthgeneration (4G) mobile broadband services in 2015. The Bank has also financed training programs, for example, helping over 900 small businesses in rural areas get online, and has worked closely with the Government to help define the country’s National Broadband Development Strategy (NBDS) to increase access to affordable broadband services, which was adopted by the Government in January 2020.
Currently, the Bank is preparing a new project named Log-In Georgia that will be supporting the Government’s plan to connect more than 700 villages to fiber optic cable networks. This project, due to begin in late-2020, aims to increase the coverage of high-speed broadband internet services and promote the use-cases of broadband, such as financial inclusion, access to public services, health information, and education, in those villages.
This will continue Georgia’s growth story, including in more rural households and businesses, and help to build resilience in a globalized, digitized world that has proved to be invaluable in the wake of the COVID-19 pandemic.
The Bank has also been partnering with Georgia to reform its national innovation ecosystem through the introduction of an entrepreneurship support program and incentives for the uptake of digital technologies by businesses and individuals.
The World Bank-financed Georgia National Innovation Ecosystem (GENIE) Project (2016-21) aims to boost innovation by firms and to increase their participation in the digital economy.
In order to help Georgian start-ups to develop new products and grow, the GENIE project’s grants programs have been stimulating new and innovative early-stage enterprises; funding projects showing significant innovation and market potential; and supporting young scientists who are pursuing commercially relevant research results in Georgia’s universities and research and development institutes.
Between 2019 and 2021, the project will be supporting the training of up to 3,000 information technology specialists, creating the workforce needed for Georgia’s digital transformation.
Overall, the World Bank supports Georgia in its goal of becoming a more competitive, digital, and business-friendly economy that provides better jobs and opportunities for its people.
Last Updated: Apr 16, 2020