ADB is providing emergency assistance to Georgia to aid its post-conflict recovery. The project will help the government meet the budget financing gap arising from revenue shortfalls, a decline in privatization proceeds, new social and rehabilitation expenditures arising from the August 2008 conflict, and other essential expenditures.
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Loan 2469-GEO: Emergency Assistance for Post-Conflict Recovery
Concessional ordinary capital resources / Asian Development Fund
Inclusive economic growth
Drivers of Change
Governance and capacity development
Sector / Subsector
- Insurance and contractual savings
- Health care finance
Public sector management
- Economic affairs management
- Public expenditure and fiscal management
Gender Equity and Mainstreaming
No gender elements
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
Revitalization of the Georgian economy back to pre-conflict trajectory of growth and social development.
Description of Outcome
Adverse economic and social impact of the conflict mitigated.
Progress Toward Outcome
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)
Republic of Georgia
Summary of Environmental and Social Aspects
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
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
Kertzman, Debra J.
Responsible ADB Department
Central and West Asia Department
Responsible ADB Division
Public Management, Financial Sector and Trade Division, CWRD
Ministry of Finance 16 Gorgasali St., 0114 Tbilisi Georgia