Georgia Country Assistance Evaluation, 1993-2007
Georgia's development path was highly uneven after the country gained independence in 1991. Civil war, secessionist movements, and economic crises resulted in a sharp and protracted fall in output and hyperinflation in the immediate post-indep...
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| Format: | Brief |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/06/12815132/georgia-country-assistance-evaluation-1993-2007 http://hdl.handle.net/10986/10602 |
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okr-10986-106022021-04-23T14:02:51Z Georgia Country Assistance Evaluation, 1993-2007 World Bank ACCESS TO CREDIT ACCOUNTABILITY AGRICULTURE ANTI-CORRUPTION ANTICORRUPTION ANTICORRUPTION CAMPAIGN ARREARS ASSETS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR BANKING SECTOR ASSETS BRIBES CAPITAL INFLOWS CENTRAL BANK COLLAPSE CORRUPTION CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDICES COURT INFRASTRUCTURE CREDITS CRONY CURRENT ACCOUNT DEFICIT DEVELOPMENT POLICY EMPLOYMENT EXPORTS FINANCIAL MANAGEMENT FINANCIAL SUPPORT GDP GOVERNMENT CAPACITY GOVERNMENT POLICY GOVERNMENT REVENUES GROWTH RATE HEALTH SERVICES HEALTH STATUS INFLATION INSOLVENCY INVESTMENT PROJECTS JUDICIAL INDEPENDENCE JUDICIAL REFORM LIVING STANDARDS LOCAL CAPACITY LOW TARIFF MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MANDATE MISMANAGEMENT MUNICIPAL DEVELOPMENT MUNICIPALITIES PENSIONS PRIVATE PROPERTY PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES PUBLIC SPENDING REMEDIES SALARIES TAX TAX COLLECTION TAX REVENUES TRAINING OF JUDGES TRANSPARENCY TRANSPARENT SYSTEM TRANSPORT URBAN DEVELOPMENT Georgia's development path was highly uneven after the country gained independence in 1991. Civil war, secessionist movements, and economic crises resulted in a sharp and protracted fall in output and hyperinflation in the immediate post-independence years. In 1994-96 the country implemented a successful stabilization program, reining in hyperinflation and restoring growth. But in subsequent years the government failed to overcome problems arising notably from economic mismanagement and widespread corruption, leading to poor public services, a deepening energy crisis, and political and economic uncertainty. After the November 2003 raised revolution, the new government executed an ambitious reform program that quickly produced results: rapid economic growth, improved governance, and better living conditions. The World Bank's experience in Georgia closely followed the successes and failures of the country's development. Three distinct sub-periods can be identified, based on the timing of the Bank's country strategies, changes in government policy course, and exogenous factors: 1994-97, 1998-2003, and 2004-07. With Georgia now on the path to international Development Association (IDA) graduation and becoming eligible for International Bank for Reconstruction and Development (IBRD) borrowing, the challenge for the Bank is to sustain a strong partnership with an emerging middle-income country. 2012-08-13T12:16:33Z 2012-08-13T12:16:33Z 2008-06 http://documents.worldbank.org/curated/en/2008/06/12815132/georgia-country-assistance-evaluation-1993-2007 http://hdl.handle.net/10986/10602 English IEG Fast Track Brief CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia Georgia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CREDIT ACCOUNTABILITY AGRICULTURE ANTI-CORRUPTION ANTICORRUPTION ANTICORRUPTION CAMPAIGN ARREARS ASSETS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR BANKING SECTOR ASSETS BRIBES CAPITAL INFLOWS CENTRAL BANK COLLAPSE CORRUPTION CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDICES COURT INFRASTRUCTURE CREDITS CRONY CURRENT ACCOUNT DEFICIT DEVELOPMENT POLICY EMPLOYMENT EXPORTS FINANCIAL MANAGEMENT FINANCIAL SUPPORT GDP GOVERNMENT CAPACITY GOVERNMENT POLICY GOVERNMENT REVENUES GROWTH RATE HEALTH SERVICES HEALTH STATUS INFLATION INSOLVENCY INVESTMENT PROJECTS JUDICIAL INDEPENDENCE JUDICIAL REFORM LIVING STANDARDS LOCAL CAPACITY LOW TARIFF MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MANDATE MISMANAGEMENT MUNICIPAL DEVELOPMENT MUNICIPALITIES PENSIONS PRIVATE PROPERTY PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES PUBLIC SPENDING REMEDIES SALARIES TAX TAX COLLECTION TAX REVENUES TRAINING OF JUDGES TRANSPARENCY TRANSPARENT SYSTEM TRANSPORT URBAN DEVELOPMENT |
| spellingShingle |
ACCESS TO CREDIT ACCOUNTABILITY AGRICULTURE ANTI-CORRUPTION ANTICORRUPTION ANTICORRUPTION CAMPAIGN ARREARS ASSETS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR BANKING SECTOR ASSETS BRIBES CAPITAL INFLOWS CENTRAL BANK COLLAPSE CORRUPTION CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDICES COURT INFRASTRUCTURE CREDITS CRONY CURRENT ACCOUNT DEFICIT DEVELOPMENT POLICY EMPLOYMENT EXPORTS FINANCIAL MANAGEMENT FINANCIAL SUPPORT GDP GOVERNMENT CAPACITY GOVERNMENT POLICY GOVERNMENT REVENUES GROWTH RATE HEALTH SERVICES HEALTH STATUS INFLATION INSOLVENCY INVESTMENT PROJECTS JUDICIAL INDEPENDENCE JUDICIAL REFORM LIVING STANDARDS LOCAL CAPACITY LOW TARIFF MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MANDATE MISMANAGEMENT MUNICIPAL DEVELOPMENT MUNICIPALITIES PENSIONS PRIVATE PROPERTY PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES PUBLIC SPENDING REMEDIES SALARIES TAX TAX COLLECTION TAX REVENUES TRAINING OF JUDGES TRANSPARENCY TRANSPARENT SYSTEM TRANSPORT URBAN DEVELOPMENT World Bank Georgia Country Assistance Evaluation, 1993-2007 |
| geographic_facet |
Europe and Central Asia Georgia |
| relation |
IEG Fast Track Brief |
| description |
Georgia's development path was
highly uneven after the country gained independence in 1991.
Civil war, secessionist movements, and economic crises
resulted in a sharp and protracted fall in output and
hyperinflation in the immediate post-independence years. In
1994-96 the country implemented a successful stabilization
program, reining in hyperinflation and restoring growth. But
in subsequent years the government failed to overcome
problems arising notably from economic mismanagement and
widespread corruption, leading to poor public services, a
deepening energy crisis, and political and economic
uncertainty. After the November 2003 raised revolution, the
new government executed an ambitious reform program that
quickly produced results: rapid economic growth, improved
governance, and better living conditions. The World
Bank's experience in Georgia closely followed the
successes and failures of the country's development.
Three distinct sub-periods can be identified, based on the
timing of the Bank's country strategies, changes in
government policy course, and exogenous factors: 1994-97,
1998-2003, and 2004-07. With Georgia now on the path to
international Development Association (IDA) graduation and
becoming eligible for International Bank for Reconstruction
and Development (IBRD) borrowing, the challenge for the Bank
is to sustain a strong partnership with an emerging
middle-income country. |
| format |
Publications & Research :: Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Georgia Country Assistance Evaluation, 1993-2007 |
| title_short |
Georgia Country Assistance Evaluation, 1993-2007 |
| title_full |
Georgia Country Assistance Evaluation, 1993-2007 |
| title_fullStr |
Georgia Country Assistance Evaluation, 1993-2007 |
| title_full_unstemmed |
Georgia Country Assistance Evaluation, 1993-2007 |
| title_sort |
georgia country assistance evaluation, 1993-2007 |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/06/12815132/georgia-country-assistance-evaluation-1993-2007 http://hdl.handle.net/10986/10602 |
| _version_ |
1764413699451256832 |