The Rural Development Project for Georgia aims to develop the productivity and profitability of the private agriculture sector. The project has the following four components: Component 1) aims t o support the efficient development of marketing/supply chains for commodities that have a demonstrated market potential, with the view to expand profitable domestic and export market opportunities. Component 2) will improve the capacity of Participating Financial Institutions (PFIs) to lend t o the farmers, processors and agri-business enterprises involved in the marketing/supply chains of marketed agricultural commodities. This would be achieved by (a) providing them with additional capital for lending to private entities in the agricultural sector, particularly medium and long-term loans for investment, and (b) strengthening their capacity for sustainable rural lending. Component 3) will focus on specific, key legal and institutional reforms that impact directly on the competitiveness of Georgian agriculture and the safety and marketability of its products and enable Georgia to meet its international sanitary and phytosanitary obligations. Component 4) the Project Coordination Center (PCC) or its agreed successor will be responsible for all aspects of project administration, including overall project oversight, technical assistance, goods and materials procurement, and financial control. The day-to-day management of the project will be with the technical Project Implementation Unit (PIU) within the PCC or its agreed successor.
