World Bank

Georgia Becomes IDA Donor as Country Celebrates 30 Years of Partnership with World Bank

Georgia became a member of the World Bank shortly after the country’s restoration of independence and, since then.

World Bank Pledges EUR 85 Million to Support Job Creation and Firms Affected by the Pandemic in Georgia

Micro, small and medium sized enterprises in Georgia impacted by the COVID-19 pandemic are to benefit from EUR 85 million in financing support, approved today by the World Bank’s Board of Executive Directors.

1,000 Villages to Get Better Internet Connectivity, as part of World Bank Support to Georgia’s Digital Transformation

The World Bank’s Board of Executive Directors today approved EUR 35.7 million ($40 million) for the Log-in Georgia Project.

Most Commodity Prices to Drop in 2020 As Coronavirus Depresses Demand and Disrupts Supply

The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.

The World Bank and Georgia

Georgia is a reforming country, and the time has come to become a country of advanced achievements, Sebastian Molineus pointed out. 

World Bank to Launch 103 million USD Project for Education System Development in Georgia

Georgian Education Minister Mikheil Chkhenkeli and the World Bank’s (WB) regional director in South Caucasus Sebastian Molineus announced the inauguratio ofn a new 103 million USD project

Georgia placed 55th on World Bank’s Women, Business and the Law 2020 Index

Georgia takes 55th place among 190 economies on the Women, Business and Law 2020 Index

World Bank Approves $62 million loan to Georgia for the Energy Supply Reliability and Financial Recovery Project

The World Bank Board of Executive Directors approved today a US$ 62 million loan to Georgia for the Energy Supply Reliability and Financial Recovery Project.

Boosting Spatial, Social and Economic Mobility Crucial for Achieving Shared Prosperity in the South Caucasus, Says the World Bank

The notable improvements that the people of the South Caucasus have experienced are reflected in better living standards that allowed poverty to be reduced by half in the 12 years between 2005 and 2017.