ADB is supporting critical social spending programs in Georgia that have been affected by the global economic crisis. Then project will allow the government to deal with negative shocks to budget revenue and maintain core spending programs and push through with public investments designed to preserve and create new jobs for economic recovery.
|Project Name||Growth Recovery Support Program|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|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|
|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.|
|Description of Outcome||Help Georgia implement a countercyclical fiscal stimulus response with immediately high expenditure execution rates (within 2009).|
|Progress Toward Outcome|
|Description of Project Outputs||Help cushion the impact on expenditure program from the negative revenue shocks.|
|Status of Implementation Progress (Outputs, Activities, and Issues)|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Responsible ADB Officer||Farinha Fernandes, Joao Pedro|
|Responsible ADB Department||Central and West Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, CWRD|
Ministry of Finance
Mr. Dimitri Gvindadze
|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|
|Approval||Signing Date||Effectivity Date||Closing|
|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%|
|Cofinancing||0.00||06 Jul 2009||49.90||0.00||100%|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|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
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.