Transcript MDF
MDF
Main Activities
Sustainability
Long Term Vision
1
Main Activities
Physical Investments
Employment Generation and Support of
Business Development
Support of Decentralization Process
Support to Selected Municipalities
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Physical Investments
MDF Investments Role in Supporting
Decentralized Institutions
Investment Projects - Real Outputs
Investment Financing Principles
3
Investment Projects - Outputs
Roads
Water Supply and Sanitation
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
Improved water supply for 200,000 housholds, reduction of water losses,
increase of efficiency of the system, improved fee collection
Social Services
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
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.
Inputs
Improvement of the water supply system
Installation of water-meters
Project Cost – GEL 1,241,840.99
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
Employment Generation
99 investment projects implemented
47 firms employed
5,000 persons employed
Support to Business Development
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
Self Sustainable Development
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
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.
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
Long Term Development Strategy
Support of Decentralization Process
Technical Assistance to Local Self-Governments
Promoting Community Participation in Decision-making
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