To help Georgia achieve its development goals, the World Bank Group has developed a new four-year strategy.
Georgia’s economy grew by 2.7% in 2016, driven by construction and other non-tradables. Net exports declined mainly because of the slow adjustment of imports and continued decline in exports. Growth was supported primarily by investment that exceeded 30% of GDP in 2016. Meanwhile, tourism-related services performed well, as tourist arrivals from abroad increased significantly.
The project's objective is to empower citizens through social accountability interventions, to improve the delivery of and resource allocation of pre-school education services in targeted municipalities of Georgia.
The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now.