Friday, 16 September 2005

WORLD BANK EXTENDS NEW CREDIT TO GEORGIA

Published in News Digest

By empty (9/16/2005 issue of the CACI Analyst)

The World Bank announced on 15 September that it has decided to extend a new $13.5 million grant to support Georgia\'s poverty reduction program. The World Bank statement added that the country\'s poverty reduction effort will focus on \"strengthening public-sector accountability, efficiency, and transparency; improve electricity and gas sector services; improve the environment for private sector development; and improve social protection, education, and health care services.
The World Bank announced on 15 September that it has decided to extend a new $13.5 million grant to support Georgia\'s poverty reduction program. The World Bank statement added that the country\'s poverty reduction effort will focus on \"strengthening public-sector accountability, efficiency, and transparency; improve electricity and gas sector services; improve the environment for private sector development; and improve social protection, education, and health care services.\" The 40-year credit package comes in the wake of the formalization of a five-year $295.3 million U.S. aid package to promote social and economic development. (RFE/RL)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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