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Economic Growth

Language: English | Georgian

USAID’s programs in Georgia foster inclusive and sustainable economic growth in the country through improved economic governance, increased competitiveness and employment, responsible management of Georgia’s natural endowments, increased access to quality education, investments in energy and infrastructure, and support for gender equality and women’s empowerment.

While Georgia has significant economic advantages, a strategic regional geographic location, proximity to international markets, and vast natural resources, the country has faced some challenges in transitioning from a state-controlled to a market-based economy.  Recognizing the importance of overcoming these challenges, USAID’s activities in Georgia support the underlying systems that will sustain the country's growth and help Georgia prosper in the global marketplace.

Current programs:

The ZRDA activity in Georgia
Mar 2016 – Mar 2021
Chemonics International Inc.

The USAID Zrda Activity promotes inclusive and sustainable economic growth in target regions by promoting Micro, Small, and Medium Enterprises (MSMEs) growth, increasing productivity of rural households, facilitating market linkages between producers and buyers, and promoting local economic development by establishing and strengthening networks. Zrda works in 81 communities in proximity to the administrative boundary lines and communities with ethnic minority popula­tions. The activity aims to create 2,400 jobs, increase sales for 800 MSMEs, increase incomes of 13,200 households, and generate measurable improvements in community resilience and economic conditions.   

Georgia Hazelnut Improvement Project (G-HIP) 
Dec 2015 – Dec 2020
Cultivating New Frontiers in Agriculture (CNFA)

USAID’s Georgia Hazelnut Improvement Project supports capacity building among Georgia’s hazelnut producers by leveraging financial support from the American people and technical expertise from the global confectionery company Ferrero. A public-private partnership, the program aims to increase the quality and quantity of Georgian hazelnut production, improve processing capabilities, and establish market linkages to allow local growers to reach lucrative end markets. The project involves partnering with hazelnut sector associations to benefit more than 14,000 hazelnut growers and 40 processing enterprises.
 

Supporting Youth Entrepreneurial Skills for Advancing Employability and Income Generation in Georgia
Sep 2015 – Apr 2021
Crystal Fund 
http://www.crystalfund.ge
USAID assistance recognizes that long-term development requires more opportunities for young people and women. Through the Supporting Youth and Women Entrepreneurship in Georgia (YES-Georgia) program, USAID supports dynamic and inclusive economic growth by unleashing the power of young entrepreneurs and professionals. The initiative broadens economic opportunities by supporting innovation, entrepreneurship, and employability in key sectors. Specific activities involve skills training, confidence building, mentoring, and awareness raising, with high-performing participants having opportunities to receive co-financing.
 

The USAID Agriculture Program
Sep 2018 - Sep 2023
Cultivating New Frontiers in Agriculture (CNFA)

The USAID Agriculture Program co-invests with key Government ministries, farmers, and food processors to increase production capacity, efficiency, and compliance with international standards of quality.  The program targets support toward agricultural value chains that show the most potential to generate revenues and create high-value jobs in rural Georgia, including the production and processing of fruits, vegetables, herbs, and other horticulture products.  USAID assistance enables producers and processors to add value through modern production, processing, storage, and distribution techniques. 

The USAID Economic Security Program
April 2019 - April 2024
DAI Global                                                   

The USAID Economic Security Program provides technical assistance and cost‐share grants to enhance growth and productivity in the four target sectors.  This assistance helps develop value chains, enhances the viability of micro, small, and medium-sized enterprises (MSMEs), supports a more skilled workforce, and facilitates public-private partnerships.  The program leverages local resources and facilitates collaboration between government and the private sector to help Georgia build the capacity to plan, finance, and implement its own solutions to development challenges.  Over five years, it aims to help create roughly 4,000 new jobs, increase total sales of assisted enterprises by $50 million, and leverage $15 million in investment through new partnerships.

Development Credit Authority – Loan Portfolio Guarantee
Sep 2015 – Sep 2022
TBC Bank 

www.tbcbank.ge

USAID extended a Development Credit Authority (DCA) loan portfolio guarantee to TBC Bank to make commercial credit of up to $15 million available to private agribusinesses in Georgia, thereby stimulating economic growth.

Last updated: February 03, 2020

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