Georgia - Performance and Learning Review of the Country Partnership Framework for the Period FY19–FY22

Jul 19, 2026

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Performance and Learning Review for Georgia assesses implementation of the Country Partnership Framework across FY19–FY22, covering changes in the country context, program and portfolio performance, and progress toward CPF objectives. The review documents shifts in political, institutional, and development settings, economic developments and medium-term outlook, and trends affecting poverty reduction and shared prosperity. It summarizes progress on corporate commitments, partnership evolution, focus areas, emerging lessons, adjustments to the CPF, and risks to the program, with updated results and revised frameworks in annexes.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages69

Reading Time2 h 54 min

Introduction

Main changes in country context

Changes in political, institutional, and development context

Economic developments and medium-term outlook

Changes in poverty reduction and shared prosperity

Summary of program implementation

Program and portfolio performance

Progress toward corporate commitments

Evolving partnerships

Progress toward achieving CPF objectives

Emerging lessons

Adjustments to the country partnership framework

Risks to the CPF program

Annex 1: Updated CPF results framework

Annex 2: Changes to the original CPF results framework

Annex 3: Progress toward the original CPF results

Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank FOR OFFICIAL USE ONLY Report No. 166148-GE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY PERFORMANCE AND LEARNING REVIEW OF THE COUNTRY PARTNERSHIP FRAMEWORK FOR GEORGIA FOR THE PERIOD FY19–FY22 April 14, 2022 The South Caucasus Country Management Unit Europe and Central Asia Region The International Finance Corporation Europe and Central Asia Region The Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. The date of the Country Partnership Framework was May 22, 2018. FISCAL YEAR January 1 – December 31 CURRENCY EQUIVALENTS (Exchange Rate Effective as of April 14, 2022) Currency Unit = Georgian Lari (GEL) US$1 = GEL 3.08 ABBREVIATIONS AND ACRONYMS AF Additional Financing AIIB Asian Infrastructure Investment Bank ASA Advisory Services and Analytics BETF Bank-executed Trust Fund CCSAP Climate Change Strategy and Action Plan CE Citizen Engagement COVID-19 Coronavirus Disease 2019 CPF Country Partnership Framework CSO Civil Society Organizations DIA Deposit Insurance Agency DPO Development Policy Operation E&S Environmental and Social ECA Europe and Central Asia EMC Economic Management and Competitiveness EU European Union FDI Foreign Direct Investment FELG Forest Law Enforcement and Governance FSAP Financial Sector Assessment Program GBV Gender-Based Violence GDP Gross Domestic Product GENIE Georgia National Innovation Ecosystem Project GHG Greenhouse Gases GoG Government of Georgia GPSA Global Partnership for Social Accountability GRAIL Georgia Resilient Agriculture, Irrigation and Land GSE Georgian State Electrosystem HPP Hydropower Plant IBRD International Bank for Reconstruction and Development ICT Information and Communications Technology IDA International Development Association IEG Independent Evaluation Group IFC International Finance Corporation IMF International Monetary Fund IPA Investment Promotion Agencies IPF Investment Project Financing IRLDP Integrated Regional and Local Development Project KfW German Development Bank (Kreditanstalt für Wiederaufbau) LPI Logistics Performance Index MSMEs Micro, Small, and Medium Enterprises NBG National Bank of Georgia NDC Nationally Determined Contribution PBC Performance Based Indicator PFM Public Financial Management PforR Program-for-Results PLR Performance and Learning Review PPP Public-Private Partnership RDP3 Third Regional Development Project SCD Systematic Country Diagnostic SME Small and Medium-sized Enterprise SOE State-Owned Enterprise SRMIDP Second Regional and Municipal Infrastructure Development Project SSA Social Service Agency TF Trust Fund TSA Targeted Social Assistance VAT Value Added Tax VET Vocation Education and Training WB World Bank WBG World Bank Group | | IBRD | IFC | MIGA | | --- | --- | --- | --- | | Vice President: | Anna Bjerde | Stephanie von Friedeburg | Ethiopis Tafara | | Director: | Sebastian Molineus | Damien Shiels | Merli M. Baroudi | | Task Team Leader: | Anna Berdzenadze | Olga Vybornaia | Olanrewaju Malik Kassim | Table of Contents I. INTRODUCTION ....................................................................................................................... 1 II. MAIN CHANGES IN COUNTRY CONTEXT ......................................................................................... 2 A. Changes in Political, Institutional, and Development Context ....................................................... 2 B. Economic Developments and Medium-term Outlook ...............................................

FAQs

What document period does the review cover for Georgia?

The review covers the period FY19–FY22.

Which major aspects of the CPF are evaluated in the review?

It evaluates changes in country context, program and portfolio performance, progress toward corporate commitments and CPF objectives, and evolving partnerships.

How does the review handle updates to the CPF results framework?

It includes annexes with an updated CPF results framework and documented changes to the original results framework, along with progress tracking toward the original objectives.

Jul 19, 2026

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