Subject: Follow-up summary note to Friday’s World Bank portfolio review meeting
From: Sebastian-A Molineus <[email-masked]>
To: Maya Tskitishvili <[email-masked]>, "[email-masked]" <[email-masked]>, "[email-masked]" <[email-masked]>, "[email-masked]" <[email-masked]>, "[email-masked]" <[email-masked]>, "[email-masked]" <[email-masked]>
Cc: Anna Berdzenadze <[email-masked]>, Abdulaziz Faghi <[email-masked]>, Evgenij Najdov <[email-masked]>, Lire Ersado <[email-masked]>, Dorota Agata Nowak <[email-masked]>
Date: Mon, 13 Apr 2020 09:58:59 +0000

Dear colleagues -

Please find attached a summary note from Friday’s meeting to discuss possibly cancelling and repurposing un-disbursed and un-committed resources from the government’s World bank portfolio to fund the COVID-19 response.  Please do follow-up
with your respective teams and revert back to us ASAP should you wish to pursue this avenue.  As highlighted, we do see some opportunities, albeit on a limited scale (~ 25m), to make resources available within a relatively quick timeframe. On the other hand,
with the AIIB now very likely co-financing the Health and Social Protection project and possibly other future projects (e.g. Log-in Georgia; the Kakhetti Mobility/ Roads project) these restructurings may no longer be needed.

We stand ready to support either way!

Kind regards,

Sebastian

Sebastian Molineus

Regional Director for the South Caucasus

Europe and Central Asia, The World Bank

T: +995 (32) 291 30 96

M:+995 (577) 78 78 21

M: +1 (202) 492 3914

www.worldbank.org/en/region/eca

www.linkedin.com/in/molineus

Follow me on Twitter @SMolineus

Sent from my iPhone