n=top>
US $ 18.0
Closed June 30, 2000. Fully disbursed. /Td>
Power Rehabilitation
US $ 52.3
Closed June 30, 2000.
Oil Institution Building
US $ 1.4
Closed December 31, 2000. Fully disbursed.
Energy Sector Adjustment Credit (ESAC)
US $ 25.0
Closed March 1, 2002. Fully disbursed. /Td>
Third Structural Adjustment Credit (SACIII)
US $ 60.0
/Td>
Closed October 30, 2002. Fully disbursed
Total:
US $ 383.6
5.1.3 Description of the Closed World Bank Projects in Georgia
REHABILITATION CREDIT
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Implementing
Agency Temuri Basilia, Chief Economic Advisor to the President of Georgia; State Chancellery, 7 Ingorokva str.
(99532) 989953, (99532) 999757
Fax: (99532) 995797
Task
Manager Michaelle Riboud, EC4C2
Phone: (202) 4738743
Fax: (202) 4773387
Project
Objective The main objective is to support the government's economic reform program aimed at restoring macroeconomic stability and at promoting resumption of growth and improvement in living standards. The other objectives are to:
1. Provide budgetary support to maintain the level of basic public expenditures, in particular for wages and the social safety net;
2. Provide foreign exchange for the purchase of critical imports;
3. Improve the functioning of the foreign exchange market;
4. Provide a framework for assistance from other donor agencies.
Project
Description The reform program to be supported by the credit comprises three sets of policies:
a) those aimed at reducing and redefining the role of the public sector in the economy
b) those theta foster the development and increase efficiency of markets;
c) those that maintain a minimum social safety net through improved targeting of benefits.
Disbursement Fully disbursed
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INSTITUTION BUILDING
Project Objective Assist the Georgian government in its efforts to move to a private market economy ...
