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Tag Archives: Mercy Tembon

World Bank Offers Financial and Technical Assistance to Georgia

The World Bank (WB) offers financial and technical assistance to Georgia to overcome outcomes of the recent conflagration in Borjomi Gorge, WB regional director Mercy Tembon noted after her meeting with Georgian Prime Minister Giorgi Kvirikashvili in Borjomi. “I would like to express support to Georgia on behalf of World …

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World Bank: We Hope Georgia will Eliminate Poverty in 10 Years

World Bank (WB) hopes that in 10 years Georgia will eliminate poverty. WB regional director Mercy Tembon noted that reforms will foster overcoming poverty in the country. “Georgia is trying to overcome poverty. As a result, poverty level is reducing. Several years ago the poverty level was 15%. The figure …

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Georgia Among Top Global Improvers, Says Latest Doing Business Report

Georgia Among Top Global Improvers, Says Latest Doing Business Report

Georgia received a ranking of 16 among 190 economies in Doing Business 2017: Equal Opportunity for All, released today. This year, the country also showed an improvement in the distance to frontier[1] score of 2.48 percentage points; currently 80.20 percent compared to 77.72 percent the previous year. In the region, …

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World Bank is Pledging Support Towards the Four Point Reform Plan

World Bank is pledging support towards the Four Point Reform Plan of the Government of Georgia. It was reiterated by Ms. Mercy Tembon, Regional Director of the World Bank in South Caucasus at the meeting with H.E. Giorgi Kvirikashvili, Prime Minister of Georgia. Visitor congratulated the Head of the Government …

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Georgia Among the Countries for Whom Nothing is Impossible – Mercy Tembon

Georgia Among the Countries for Whom Nothing is Impossible – Mercy Tembon

Experts from the World Bank will help Georgia improve its position on the Logistics Performance Index (LPI). Georgia’s LPI results and ways of improving them were the subject of discussion between Deputy Minister of Economy Davit Khutsishvili and World Bank’s regional director Mercy Tembon. According to the Ministry of Economy, the …

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The World Bank Welcomes Government’s 4-point Reform Plan

The World Bank Welcomes Government’s 4-point Reform Plan

The World Bank welcomes Government’s 4-point reform plan, – respective statement was made by the World Bank’s Regional Director for the South Caucasus Mercy Tembon, after her meeting with the Prime Minister of Georgia Giorgi Kvirikashvili. The main topic of the conversation was partnership between the World Bank and Georgia …

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IBRD to Allocate 80 Million to Georgia

IBRD to Allocate 80 Million to Georgia

International Bank for Reconstruction and Development (IBRD) will allocate 80 million to Georgia. Two agreements were signed on Monday. According to Ministry of Finance, “the World Bank will allocate financial resource of 40 million USD for funding the Innovative Ecosystem Project within the frame of the “National Innovation Ecosystem Project” and …

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