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Structural Reforms |
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· Assess magnitude and share smuggled goods and those manufactured in informal sector of the economy by various commodity groups |
Ministry of Economy, Industry and Trade; State Department of Statistics |
Support for initiatives to reduce smuggling and the shadow economy |
Reduction in smuggling and in the shadow economy |
Trade Facilitation Project; Private Sector Development Project; Public Sector Reform Project; PRSC in High Case |
USAID |
Increase in tax revenues, including increase in revenues from petroleum products and cigarettes to over 2.5% of GDP |
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· Develop proposals to encourage investment |
Ministry of Economy, Industry and Trade; Ministry of Finance; Ministry of Justice |
Intensified dialogue with Government on reform of the banking system as a means of improving the investment climate |
Increase in banks’ capitalization; better corporate governance principles and internal control systems; expansion of banking networks; real time banking settlement; anti-money-laundering legislation; deposit insurance introduced |
Private Sector Development Project; Financial Sector Advisory Program; Business Environment Study |
USAID IMF FIRST |
Minimum capital raised to ˆ3.5m; improved confidence in banking system; better access to finance; anti money laundering regulations in compliance with FATF requirements |
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· Implement export promotion measures |
Ministry of Economy, Industry and Trade; Ministry of Finance |
Support for removal of institutional (governance) obstacles to fulfilling Georgia’s Export Potential |
Progress in implementing recommendations of Trade Study/Workshop |
Trade and Transport Facilitation Project; Private Sector Development Project; Business Environment Study; Rural Development Project |
USAID |
Improved perception of environment for exporters in business surveys |
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Human Capital Development |
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Improvement of Health |
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· Revise government commitments in healthcare sector to ensure full financing |
Ministry of Labor, Healthcare and Social Protection; Ministry of finance |
Assist government to define health financing strategy focusing on improvements in mobilization, allocation and management of public and private resources, help build government capacity in evidence based policy-making, planning, monitoring and evaluation, as well as regulation |
Definition of basic benefit package, financing methodology and co-payments, as well as recurrent costs; improved resource mobilization and allocation, including introduction of incentive-compatible provider payment systems |
Health Sector Note, JSDF Grant on community health insurance |
JSDF SIDA DFID WHO |
Definition of basic benefit package, financing methodology, co-payments, and recurrent costs; better resource mobilization and allocation, including introduction of incentive-compatible provider payment systems |
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Improvement of Education |
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· Develop programs for basic education |
Ministry of Education, Ministry of Culture |
Improving quality of education and access of the poor |
Stakeholders actively engaged in improving education quality and outcomes |
Education Project |
SOROS |
97 percent enrollment in basic education for the poorest quintile; 60% of consolidated education expenditures continue to be allocated to primary/secondary education |
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Improvement of Social Risks Management |
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· Definition of nature and periodicity of government commitments in the social sector to ensure full financing |
Ministry of Labor, Healthcare and Social Protection; State Social Security Fund; Ministry of Finance |
Timely execution of Government obligations in the social sectors; fiscal affordability and sustainability |
No-arrears in social transfers, increased poverty alleviation impact |
Public Expenditure Reviews, PRSC in High Case |
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No new arrears; poverty incidence decreased by 6 percentage points |
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· Enforce package of draft bills on compulsory social insurance |
Ministry of Labor, Healthcare and Social Protection, State Social Security Fund |
Support to implementation of social insurance system |
Better performance of the pension system |
Social Protection Reform Project |
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No pension arrears; financing of social insurance/assistance benefits separated |
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· Phased increase of pensions |
Ministry of Labor, Healthcare and Social Protection, State Social Security Fund |
Dialogue on pension policies |
Increase in pensions |
Public Expenditure Reviews; Social Protection Reform Project |
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Average real pension increased by 20%; extreme poverty among elderly reduced |
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· Fiscal sustainability of pension system based on compulsory social insurance |
Ministry of Labor, Healthcare and Social Protection, State Social Security Fund |
Dialogue on pension policies |
Satisfactory performance of the pension system |
Public Expenditure Reviews; Social Protection Reform Project |
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Improved fiscal sustainability of pension system |
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Development of Priority Branches of the Economy |
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Energy and Infrastructure |
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· Reorganize electricity wholesale market to resume the functions of financial and technical operator |
Ministry of Fuel and Energy |
Support for direct contracts between generators and large end consumers, subject to transparent terms and implementation |
Direct contracts between generators and large end consumers |
EMSP |
EBRD KfW USAID |
Electricity market successfully reorganized |
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· Amend tariff policy in line with model of wholesale market and consider liberalization of prices |
Ministry of Fuel and Energy; Energy Regulatory Commission; Ministry of Economy |
Tariff policy; adequate appropriations to energy in state budgets |
Lower commercial losses; state budgets fully cover energy costs; higher collections by state energy companies in distribution, transmission; improved financial viability |
EMSP |
EBRD IMF KfW USAID |
Cash payment collections at the wholesale electricity market above 65%; dissemination to public of detailed sector performance indicators |
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· Approve strategy to manage energy sector debts |
Ministry of Fuel and Energy, Ministry of Finance |
Establishment of a professional Debt Restructuring Agency for the power sector |
Legacy debt no longer a threat to the financial viability of the power sector |
EMSP |
EBRD IMF KfW USAID |
Debt Restructuring Agency led by international experts in full operation; legacy debt issue resolved |
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· Transfer energy sector companies, including National Distribution Company, under management contract in accordance with existing strategy |
Ministry of Fuel and Energy |
Georgian Unified Distribution Company (GUDC) under long-term management contract |
GUDC under long-term management contract |
EMSP |
EBRD Ñòðàíèöû: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 |
Íîâîñòè |
Ìîè íàñòðîéêè |
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© 2009 Âñå ïðàâà çàùèùåíû.