World Bank (WB) financed twelve projects worth USD 442.3m in Georgia in 2009.
WB launched financing projects in Georgia in 1995. The Bank has financed total of 48 projects worth USD 1.37bln in the period.
As reported, The WB Board of Directors has approved a new strategy for relations with Georgia in September 2009. The new strategy calls for issuing loans total of USD 396m in 2010-2013 from the International Development Agency (IDA) and the International Bank for Reconstruction and Development (IBRD).