World Economy

WB Endorses Georgian Reforms

WB Endorses Georgian ReformsWB Endorses Georgian Reforms

The World Bank Group board of executive directors has endorsed the 2019-22 Country Partnership Framework for Georgia, which aims to support sustainable and inclusive growth and improve living standards in the country, Emerging Europe reported. The new CPF is fully aligned with the Georgian government’s vision for the country’s development, which is driven by the Georgia 2020 program that emphasizes freedom, rapid development, and prosperity through four policy goals—economic reform, education reform, spatial arrangement and infrastructure, and governance. To support the government in achieving the twin goals of eliminating extreme poverty and promoting shared prosperity, the World Bank Group’s CPF envisages support to Georgia across three areas: enhancing inclusive growth and competitiveness, investing in human capital, and building resilience. “We look forward to a Georgia endowed with the human capital that will lift people out of poverty, improve their prosperity, and increase the country’s competitiveness and resilience in the next four years,” said Mercy Tembon, World Bank regional director for the South Caucasus.


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