Georgia - Third Development Policy Operation

WASHINGTON, July 21, 2011 - The World Bank’s Board of Executive Directors today approved the following project:

IDA Credit: US$40 million equivalent

Terms: Maturity = 25 years; Grace = 5 years

Project ID: P122202

Project Description: The funding will help support reforms directed at sustaining economic recovery and preparing for post-crisis growth.  In addition to the macroeconomic and fiscal framework, the main policy reform areas supported include improving the efficiency and effectiveness of public finances, increasing the effectiveness of the social safety net, and enhancing external competitiveness.

Contact:

Jonathan Daly

(202) 473-2588

Jdaly1@worldbank.org

For more information, please visit here.