The audit conveys mixed results compared with the Implementation Completion Report's (ICR) ratings, as follows: while ratings concur regarding the Institution Building Credit (IBC), and the First Structural...
The assessment of outcome is satisfactory, sustainability likely, with only modest institutional development impacts. Lessons highlight primarily, the problem of the enormous macroeconomic burden carried...
The Energy Sector Adjustment Credit Project maintains the momentum of energy sector reform in Georgia, and helps mitigate the reform's social cost. The energy sector reform program aims to enhance financial...