Georgia: Growth Recovery Support Program

Sovereign Project | 42529-013 Status: Closed



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Project Name Growth Recovery Support Program
Project Number 42529-013
Country Georgia
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2531-GEO: Growth Recovery Support Program
Asian Development Fund US$ 50.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Economic affairs management - Public expenditure and fiscal management - Social protection initiatives

Gender Equity and Mainstreaming Some gender elements
Description tbd
Project Rationale and Linkage to Country/Regional Strategy
Impact Partial mitigation of the adverse economic and social impact of the global economic crisis and revitalization of the Georgian economy back to pre-crisis trajectory of growth and social development.
Project Outcome
Description of Outcome Help Georgia implement a countercyclical fiscal stimulus response with immediately high expenditure execution rates (within 2009).
Progress Toward Outcome
Implementation Progress
Description of Project Outputs Help cushion the impact on expenditure program from the negative revenue shocks.
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location 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 TBD
Procurement TBD
Responsible ADB Officer Joao Pedro Farinha Fernandes
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance
Mr. Dimitri Gvindadze
Tbilisi, Georgia
Concept Clearance 22 May 2009
Fact Finding 15 Feb 2009 to 24 Feb 2009
MRM 25 May 2009
Approval 06 Jul 2009
Last Review Mission -
PDS Creation Date 17 Jul 2009
Last PDS Update 20 Jul 2009

Loan 2531-GEO

Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Jul 2009 06 Jul 2009 16 Jul 2009 31 Dec 2009 - 24 Sep 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 50.00 Cumulative Contract Awards
ADB 50.00 06 Jul 2009 49.90 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 06 Jul 2009 49.90 0.00 100%
Title Document Type Document Date
Growth Recovery Support Program Project/Program Completion Reports Dec 2010
Loan Agreement for Growth Recovery Support Program between Georgia and Asian Development Bank dated 6 July 2009 Loan Agreement (Special Operations) Jul 2009
Growth Recovery Support Program Reports and Recommendations of the President Jun 2009

Safeguard Documents

See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Georgia: Growth Recovery Support Program Validations of Project Completion Reports Dec 2012

Related Publications

None currently available.

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