The FINANCIAL — According to World Bank, a joint team of officials from the Asian Development Bank, the European Bank for Reconstruction and Development, the European Commission, the European Investment Bank, the United Nations, and the World Bank Group begins a Joint Needs Assessment mission in Georgia on September 8.
This assessment, led by the World Bank and carried out from September 8-21, responds to a request from the Georgian government to identify priority areas and financial requirements needed for post-conflict recovery and reconstruction. The team from partnering international institutions will assess the most pressing needs in areas such as infrastructure, environment, agriculture, housing, business environment, and the social needs of the internally displaced population and others affected by the crisis. Findings of the joint work will be presented in a report expected to be ready in October 2008.
In a recent statement, the World Bank said it remained committed to improving people’s lives in Georgia, and will continue with its ongoing support to economic reform and development in the country. The World Bank and its partners are in close discussions with the government on measures to minimize the impact of disruptions on the affected populations. It will also assist the authorities in setting up a multi-donor trust fund for reconstruction investment to ensure a speedy recovery from the recent conflict.
The Joint Needs Assessment mission will utilize the results of assessments carried out by partner institutions on infrastructure, business environment, and economic conditions.
Discussion about this post