Georgia officially launched today a Human Capital Program, with World Bank and AFD support, which aims to unlock the country’s growth potential through investments in health, education and social protection. This is the largest World Bank investment ever extended to Georgia during the three decades of partnership, and the Bank’s first cross-sectorial operation comprehensively targeting three critical areas of human development.
In order to support Georgia’s Human Capital Program, the World Bank invested $400 million and Agence française de développement (AFD) contributed by co-financing amount of EUR 100 million. The official signing ceremony of the co-financing agreement took place at a launch event today in Tbilisi.
“Along with the Government of Georgia, we are investing in the people of Georgia and in their future. And we believe that our joint efforts in strengthening Georgia’s human capital will be a significant boost to the country’s social and economic prosperity,” said Sebastian Molineus, World Bank Regional Director for the South Caucasus. “By helping to implement transformative reforms in education, health and social protection, the Human Capital Program will play a crucial role in accelerating Georgia’s long-term development trajectory and in strengthening its pathway towards becoming a member of the European Union.”
