Second Programmatic Private Sector Competitiveness Development Policy Operation for Georgia

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WASHINGTON, July 31, 2017 – The World Bank Board of Executive Directors today approved the following project: Second Programmatic Private Sector Competitiveness Development Policy Operation for Georgia IBRD Loan: EUR 44.6 million (USD$52.78 million equivalent) Terms: Maturity = 25 years, Grace = 14 years Project ID: P155553 Project Description: The program development objective is to increase private sector competitiveness through second generation business environment reforms, establishing enabling conditions for financial sector deepening and diversification, and increasing firms’ capacity to innovate and to export.  

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