Mid-term evaluation of AFD policy-based loan (PBL) in the energy sector in Georgia (CGE1014-CGE1019-CGE1020-CGE1021)

The specific objectives are: 

• To structure the regulatory framework of the EE sector; 
• To support Georgia in the regulatory and operational implementation of the 3rd Energy Package and including the development of a social support scheme for vulnerable customers to further develop a Georgian electricity mix based on renewable energies; 
• To create a stable and reliable electricity market environment.

PBL as an instrument

PBL has proven relevance and effectiveness as an instrument in delivery of energy sector reform in Georgia. This success arises from a combination of factors – GoG high level motivation and sector level institutional commitment; strong DP engagement (AFD, KfW and EU); adequacy, scope, timing and quantum of support resources including high technical performance of TA and quality of dialogue – which have combined in a ‘virtuous circle’ .