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GEORGIA

The economy is recovering in the aftermath of the global economic crisis and the August 2008 conflict with Russia, with real GDP growth of 6.4 percent in 2010 and expected to be around 5 percent this year. However, the sustainability of this recovery, and more importantly, its impact on employment and living conditions, hinges crucially on positive global and regional conditions, which are key for Georgia's nascent tourism and logistic industries. Efforts to maintain fiscal discipline and foster investments, exports, and overall productivity are also essential. The strategic objectives of the World Bank are to meet post conflict and vulnerability needs, and strengthen competitiveness for post-crisis growth.

Active financed activities as of March 28, 2012.
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