Georgia: Emergency Assistance for Post-Conflict Recovery

Sovereign Project | 42477-013

Summary

To help Georgia address emergency needs under the JNA, the EAPCR will enable the Government to meet critical public expenditures through the budget and help cushion the adverse revenue shocks. The EAPCR will supplement the Municipal Services Development Fund Project recently approved by the Asian Development Bank (ADB). The United States has signed an agreement providing $250 million to meet critical expenditures through the budget. The World Bank recently approved $40 million in budget support using the Fourth Poverty Reduction Support Operation. The European Union is also expected to provide budgetary assistance in the near future.

The major outputs of the EAPCR are to ensure that:

(i) the immediate incremental expenditure needs arising from the conflict are met; and

(ii) the core public expenditure program for 2008 is delivered in accordance with the approved budget.

Latest Project Documents


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Project Name Emergency Assistance for Post-Conflict Recovery
Project Number 42477-013
Country Georgia
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2469-GEO: Emergency Assistance for Post-Conflict Recovery
Asian Development Fund US$ 70.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector Finance - Insurance and contractual savings
Health - Health care finance
Public sector management - Economic affairs management - Public expenditure and fiscal management
Gender Equity and Mainstreaming
Description

To help Georgia address emergency needs under the JNA, the EAPCR will enable the Government to meet critical public expenditures through the budget and help cushion the adverse revenue shocks. The EAPCR will supplement the Municipal Services Development Fund Project recently approved by the Asian Development Bank (ADB). The United States has signed an agreement providing $250 million to meet critical expenditures through the budget. The World Bank recently approved $40 million in budget support using the Fourth Poverty Reduction Support Operation. The European Union is also expected to provide budgetary assistance in the near future.

The major outputs of the EAPCR are to ensure that:

(i) the immediate incremental expenditure needs arising from the conflict are met; and

(ii) the core public expenditure program for 2008 is delivered in accordance with the approved budget.

Project Rationale and Linkage to Country/Regional Strategy
Impact Revitalization of the Georgian economy back to pre-conflict trajectory of growth and social development.
Project Outcome
Description of Outcome Adverse economic and social impact of the conflict mitigated.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Ensuring that the immediate incremental expenditure needs arising from the conflict are met

2. Ensuring that the core public expenditure program for 2008 is delivered in accordance with the approved budget

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Republic of Georgia
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services not applicable
Procurement The loan proceeds will be used to finance the full foreign exchange costs (excluding local duties and taxes) of items produced and procured in ADB member countries, excluding ineligible items and imports financed by other bilateral and multilateral sources. In accordance with the procedures of ADB's Simplification of Disbursement Procedures and Related Requirements for Program Loans, the proceeds of the program will be disbursed to Georgia as the borrower.
Responsible ADB Officer Debra J. Kertzman
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance16 Gorgasali St., 0114
Tbilisi
Georgia
Timetable
Concept Clearance 20 Oct 2008
Fact Finding 17 Sep 2008 to 25 Sep 2008
MRM 20 Oct 2008
Approval 12 Nov 2008
Last Review Mission -
Last PDS Update 21 Nov 2008

Loan 2469-GEO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Nov 2008 19 Nov 2008 08 Dec 2008 30 Sep 2009 - 22 Jan 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 70.00 Cumulative Contract Awards
ADB 70.00 12 Nov 2008 69.86 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 12 Nov 2008 69.86 0.00 100%
Title Document Type Document Date
Emergency Assistance for Post-Conflict Recovery Project/Program Completion Reports Dec 2010
Emergency Assistance for Post-Conflict Recovery Reports and Recommendations of the President Nov 2008
Loan Agreement for Emergency Assistance for Post-Conflict Recovery between Georgia and Asian Development Bank dated 19 November 2008 Loan Agreement (Special Operations) Nov 2008

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Georgia: Emergency Assistance for Post-Conflict Recovery Validations of Project Completion Reports Dec 2011

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