Country Partnership Framework for Georgia for the Period FY19-FY22
This Country Partnership Framework (CPF) for FY19–FY22 sets out the World Bank Group’s (WBG) proposals for supporting the Government of Georgia’s vision of developing a market based economy while ensuring nationwide prosperity and strengthening its...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/588751525364587100/Georgia-Country-partnership-framework-for-the-period-FY19-FY22 http://hdl.handle.net/10986/29794 |
| Summary: | This Country Partnership Framework (CPF)
for FY19–FY22 sets out the World Bank Group’s (WBG)
proposals for supporting the Government of Georgia’s vision
of developing a market based economy while ensuring
nationwide prosperity and strengthening its regional
position. Building on the strong foundation put in place by
the previous FY14 to FY17 Country Partnership Strategy
(CPS), this CPF will work to consolidate gains and move the
economy toward addressing next generation development
challenges for sustained and inclusive growth and poverty
reduction. The CPF proposes a strategic shift in focus from
an infrastructure heavy program to one that emphasizes
expanding human capital. WBG interventions over the next
four years will aim to reduce gaps in human endowments and
create economic opportunities that will ensure inclusive and
sustainable economic growth. The WBG will support Georgia in
sustaining strong productivity led growth while maintaining
a direct line of sight to the “Bottom 40” those Georgians
whose annual household income falls into the bottom 40
percent of the country. To support the government in
achieving the twin goals of eliminating extreme poverty and
promoting shared prosperity, the CPF envisages support to
Georgia across three focus group areas: (i) enhancing
inclusive growth and competitiveness, (ii) investing in
human capital, and (iii) building resilience. The CPF will
pay special attention to vulnerable groups and lagging
regions that have not benefited from the fruits of
growth.Interventions will target special groups such as
women, youth, and rural communities where most poor people
live. Across the three focus areas, the CPF will rely on
three engagement principles to guide the selection of
interventions: (i) maximizing finance for development (MfD),
which aims to leverage the private sector for growth and
sustainable development; (ii) spatial equity, as a means to
redress currently regional imbalances within the country;
and (iii) innovation, given the rapid pace of technological
changes and digitization and its effects on productivity and
competitiveness. Lending commitments will evolve during the
CPF as they have throughout the WBG’s engagement with
Georgia and the current portfolio of investments and
advisory services and analytics (ASA) will serve as a solid
base to enable the WBG to achieve the intended strategic
shifts in this CPF. |
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