Georgia: Rural Development Project

WASHINGTON, The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA CREDIT AMOUNT: $10 million

TERMS: Grace period = 10 years; Maturity = 40 years

PROJECT DESCRIPTION: The project aims to improve productivity and profitability of the private agriculture sector. The project has the following components: support the efficient development of marketing/supply chains for commodities that have a demonstrated market potential; improve the capacity of Participating Financial Institutions (PFIs) to lend to farmers, processors and agri-business; and implement key legal and institutional reforms that impact directly on the competitiveness of Georgian agriculture. For more information, please call Miriam Van Dyck at (202) 458-2931, or e-mail mvandyck@worldbank.org    For project information documents, visit:

http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P078544