Georgia Country Assistance Evaluation, 1993-2007
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC
Resumen
Descripción
Georgia's development path was
highly uneven after the country gained independence in 1991.
Civil war, secessionist movements, and economic crises
resulted in a sharp and protracted fall in output and
hyperinflation in the immediate post-independence years. In
1994-96 the country implemented a successful stabilization
program, reining in hyperinflation and restoring growth. But
in subsequent years the government failed to overcome
problems arising notably from economic mismanagement and
widespread corruption, leading to poor public services, a
deepening energy crisis, and political and economic
uncertainty. After the November 2003 raised revolution, the
new government executed an ambitious reform program that
quickly produced results: rapid economic growth, improved
governance, and better living conditions. The World
Bank's experience in Georgia closely followed the
successes and failures of the country's development.
Three distinct sub-periods can be identified, based on the
timing of the Bank's country strategies, changes in
government policy course, and exogenous factors: 1994-97,
1998-2003, and 2004-07. With Georgia now on the path to
international Development Association (IDA) graduation and
becoming eligible for International Bank for Reconstruction
and Development (IBRD) borrowing, the challenge for the Bank
is to sustain a strong partnership with an emerging
middle-income country.
Palabras clave
ACCESS TO CREDIT, ACCOUNTABILITY, AGRICULTURE, ANTI-CORRUPTION, ANTICORRUPTION, ANTICORRUPTION CAMPAIGN, ARREARS, ASSETS, BALANCE OF PAYMENTS, BANK LENDING, BANKING SECTOR, BANKING SECTOR ASSETS, BRIBES, CAPITAL INFLOWS, CENTRAL BANK, COLLAPSE, CORRUPTION, CORRUPTION PERCEPTION, CORRUPTION PERCEPTION INDICES, COURT INFRASTRUCTURE, CREDITS, CRONY, CURRENT ACCOUNT DEFICIT, DEVELOPMENT POLICY, EMPLOYMENT, EXPORTS, FINANCIAL MANAGEMENT, FINANCIAL SUPPORT, GDP, GOVERNMENT CAPACITY, GOVERNMENT POLICY, GOVERNMENT REVENUES, GROWTH RATE, HEALTH SERVICES, HEALTH STATUS, INFLATION, INSOLVENCY, INVESTMENT PROJECTS, JUDICIAL INDEPENDENCE, JUDICIAL REFORM, LIVING STANDARDS, LOCAL CAPACITY, LOW TARIFF, MACROECONOMIC STABILITY, MACROECONOMIC STABILIZATION, MANDATE, MISMANAGEMENT, MUNICIPAL DEVELOPMENT, MUNICIPALITIES, PENSIONS, PRIVATE PROPERTY, PRIVATIZATION, PRODUCTIVITY, PROPERTY RIGHTS, PUBLIC SERVICES, PUBLIC SPENDING, REMEDIES, SALARIES, TAX, TAX COLLECTION, TAX REVENUES, TRAINING OF JUDGES, TRANSPARENCY, TRANSPARENT SYSTEM, TRANSPORT, URBAN DEVELOPMENT