Georgia's economic recovery from the impacts of the war in August 2008 and the global financial crisis has been slower than expected. The government has been responding to post-conflict challenges with support from the Asian Development Bank (ADB), the World Bank, and the International Monetary Fund. Revenue recovery was expected to take some time, and in the meanwhile, revenue shortfalls continued to exert pressure on public expenditures, particularly on social services. The program aimed to provide fiscal support to the government to maintain critical social services, and provide social protection and broader safety nets for the poor and socially vulnerable.
This report validates the completion report's assessment of the program. IED overall assessment: Successful