Georgia : Towards Green and Resilient Growth
Georgia has made remarkable progress in terms of economic growth and poverty alleviation. In 2019, the country became an upper middle-income country Georgia’s endowment of natural resources is a significant source of national wealth and has the pot...
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/109881606304062982/Georgia-Towards-Green-and-Resilient-Growth http://hdl.handle.net/10986/34862 |
| Summary: | Georgia has made remarkable progress in
terms of economic growth and poverty alleviation. In 2019,
the country became an upper middle-income country Georgia’s
endowment of natural resources is a significant source of
national wealth and has the potential for accelerating
inclusive socio-economic development. Yet, challenges
persist as poverty and inequality remain high, especially in
rural areas. The Coronavirus (COVID-19) induced global
recession has affected important sectors of the economy,
including tourism and the travel industry. This report fills
knowledge gaps in the upstream importance of environment and
natural assets, and highlights areas for aligning national
strategies with sustainable recovery from the Coronavirus
(COVID-19) pandemic. In so doing, the report aims to inform
national policies by which Georgia has commitments to
“greening” sector developments aligned with the provisions
of the EU–Georgia Association Agreement. The analysis
underlying the report includes updates to the cost of
environmental degradation (CoED) published in 2015. It also
reflects the new government priorities and options for
addressing specific challenges in forest management, land
and coastal degradation, and air pollution. The
recommendations of this report are designed for a wider
audience, including the government of Georgia, as well as
development partners and broader society. |
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