Transcript MDF

MDF
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Main Activities
Sustainability
Long Term Vision
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Main Activities
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Physical Investments
Employment Generation and Support of
Business Development
Support of Decentralization Process
Support to Selected Municipalities
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Physical Investments
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MDF Investments Role in Supporting
Decentralized Institutions
Investment Projects - Real Outputs
Investment Financing Principles
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Investment Projects - Outputs
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Roads
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Water Supply and Sanitation
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Installation of heating systems in 51 Tbilisi Schools, New school in Ambrolauri;
rehabilitation of two hospitals; improved learning conditions for 70,000 Pupils,
improved working conditions for 3,000 teachers, improved care for 30,000
patient days
Transport Infrastructure
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Improved water supply for 200,000 housholds, reduction of water losses,
increase of efficiency of the system, improved fee collection
Social Services
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Rehabilitated 695,000 Sq. meters of road, serving 160,000 cars daily
Rehabilitation of Tbilisi Metro Project, safe transportation for 110 million
passengers annually
Lightening Systems
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Four Investment projects (GEL 2,928,000). Economy to Tbilisi Municipality approximately 650,000 GEL.
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Diversification of investment
Projects by Sectors
 Roads
 Water And Sanitation
 Social Services
 Transport Infrastructure
 Lightning service
 Others
Rustavi Water Supply
Rehabilitation
Project
 Problem
Water shortage
 Outburst of infectious and enteric diseases and several cases of Hepatitis registered in
1997-1998.
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Inputs
Improvement of the water supply system
 Installation of water-meters
 Project Cost – GEL 1,241,840.99
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Results
Increase of water debit – 1250 l/s from 300 l/s,
 No cases of Infection registered since the project implementation.
 Citizen satisfaction measured by the increased demand on water meter installation.
 Increased rate of collection: in the metered city enterprises – over 80%.
 Reduced cost of maintenance: from 0,25 GEL/m3 to 0,2 GEL/m3
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Employment Generation and
Support to Business Development
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Employment Generation
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99 investment projects implemented
47 firms employed
5,000 persons employed
Support to Business Development
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200 firms, participated in biddings, acquired experience with new
competitive bidding procedures
Improved management and reporting skills
Improved quality of works
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Investment Financing
Principles
 MDDP I
IDA
– 80 %
 Municipalities – 20 %
 MDDP II
 IDA – 60 %
 MDF – 20 %
 Municipalities - 20 %
Grant – 40 % of Total Cost
 Loan – 40% of Total Cost
 Interest rate – 15% (One Year Grace Period)
 Loan Maturity 10 Years
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Sustainability
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Self Sustainable Development
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MDF Finances its Own Operating Expenses
MDDP II Includes MDF Financing of Investment Projects
Positive Financial Indicators
MDF - Sustainable Revolving Fund
Professional Staff
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MDF Investments
MDF Investments
9,000,000
USD Thousands
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
1998
1999
2000
2001
2002
2003
2004
MDF Loan Portfolio
MDF Loan Portfolio
10,000,000
USD Thousands
8,000,000
6,000,000
4,000,000
2,000,000
0
1998
1999
2000
2001
2002
2003
2004
MDF Income
MDF Income
1,400,000
USD Thousands
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
1998
1999
2000
2001
2002
2003
2004
MDDP II
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Project Cost USD 30.9 Mln.
IDA USD 19.41 Mln.
 MDF USD 5.4 Mln.
 Municipalities USD 5.4 Mln.
 Government Of Georgia USD 0.54 Mln.
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Physical Investments USD 27.3 Mln.
 Technical Assistance USD 3.6 Mln.
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MDF Forecasts
MDF Forecasts
40,000
Thousand USD
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
2005
2006
2007
2008
2009
Interest Revenue
Annual Investments
Loan Portfolio
Intierest Income MDDP III
Loan Portfolio MDDP III
Investments MDDP III
2010
2011
2012
Long Term Vision
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Long Term Development Strategy
Support of Decentralization Process
Technical Assistance to Local Self-Governments
Promoting Community Participation in Decision-making
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