Georgia: Improving Domestic Resource Mobilization for Inclusive Growth

Sovereign Project | 48044-001 Status: Closed

Summary

ADB is supporting Georgia’s reform program to help strengthen its finances and support inclusive growth. The project will help improve management of public finance and fiscal risk; strengthen revenue and public expenditure management; boost domestic savings by revamping the pension system; and increase mobilization of private resources for investment. 

Latest Project Documents


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Project Name Improving Domestic Resource Mobilization for Inclusive Growth
Project Number 48044-001
Country Georgia
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3190-GEO: Improving Domestic Resource Mobilization for Inclusive Growth
Ordinary capital resources US$ 16.00 million
Loan 3191-GEO: Improving Domestic Resource Mobilization for Inclusive Growth
Asian Development Fund US$ 59.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance - Finance sector development - Insurance and contractual savings - Money and capital markets

Public sector management - Public expenditure and fiscal management

Gender Equity and Mainstreaming Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location tbilisi

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 Stakeholders including relevant government departments, private sector, banks, insurance companies are being consulted.
During Project Implementation The same set of stakeholders will be consulted during implementation.

Business Opportunities

Consulting Services not applicable
Procurement not applicable

Responsible Staff

Responsible ADB Officer Tariq Niazi
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance
16 Gorgasali St., 0114
Tbilisi
Georgia

Timetable

Concept Clearance 24 Jul 2014
Fact Finding 07 Jul 2014 to 18 Jul 2014
MRM 10 Sep 2014
Approval -
Last Review Mission -
Last PDS Update 25 Jul 2014

Loan 3190-GEO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Nov 2014 21 Nov 2014 15 Dec 2014 31 Dec 2014 - 05 Jan 2015
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 16.00 Cumulative Contract Awards
ADB 16.00 21 Nov 2014 16.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 21 Nov 2014 16.00 0.00 100%

Loan 3191-GEO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Nov 2014 21 Nov 2014 15 Dec 2014 31 Dec 2014 - 05 Jan 2015
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 59.00 Cumulative Contract Awards
ADB 59.00 21 Nov 2014 57.50 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 21 Nov 2014 57.50 0.00 100%

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

None currently available.

Related Publications

None currently available.


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