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.
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 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.