Georgia Relief and Recovery for Micro, Small, and Medium Enterprises

The development objective of Relief and Recovery for Micro, Small and Medium Enterprises Project for Georgia is to provide relief to micro, small, and medium-size enterprises and support their recovery, including by strengthening the enabling environment for access to finance. This project has four components. 1) The first component, Financial relief and recovery for MSMEs, has the following sub-components: (i) Grants for micro and small firms; (ii) Co-financing of interest payments; and (iii) Partial credit guarantees. 2) The second component, Digital payments and financial infrastructure upgrading, has the following sub-components: (i) Upgrading payments infrastructure; (ii) e-KYC and Know-Your-Customer registry; and (iii) Secured transactions reform. 3) The third component, Project management and monitoring, aims to finance the project management, implementation, and monitoring needs. 4) The fourth component, Contingency Emergency Response Component, is an unfunded contingency component that can be activated in case of a relevant emergency event.