Georgia Relief And Recovery For Micro Small And Medium EnterprisesThe Project Consists Of The Following Parts Component 1 Financial Relief And Recovery For Msmes Provision Of Assistance To Msmes To Address The Economic Shock Following The Covid 19 Pandemic Through Subcomponent 1 1 Strengthening Of Enterprise Georgia S Micro And Small Entrepreneurship Support Program Through The Provision Of Financial Support To Eligible Firms Subcomponent 1 2 Strengthening Of Enterprise Georgia S Program For Co Financing Of Interest Payments Through The Provision Of Financial Support To Msmes In Collaboration With Selected Participating Financial Institutions Pfis Subcomponent 1 3 Strengthening Of Enterprise Georgia S Credit Guarantee Scheme For The Provision Of Partial Credit Guarantees To Selected Pfis For Selected Msme Loans And Subcomponent 1 4 Technical Assistance To Enterprise Georgia And Msmes To Assist Msmes To Adopt Managerial Digital And Other Practices Necessary To Better Respond To The Covid 19 Pandemic Component 2 Digital Payments And Financial Infrastructure Upgrading Strengthening Georgia S Financial Infrastructure And Increasing The Usage Of Digital Financial Services Through Subcomponent 2 1 Establishing An Instant Payment System Including Technical Assistance For Its Development And Operations And Development Of Any Related Infrastructure Subcomponent 2 2 Establishing An Electronic Know Your Customer E Kyc Infrastructure And Know Your Customer Kyc Registry To Facilitate Identity Verification Allowing For Increased Participation Of Individuals And Msmes In The Financial Sector And Subcomponent 2 3 Improving Georgia S Secured Transactions Framework Including Through Enhancements In The Legal And Regulatory Framework For Secured Transactions Upgrading Of Collateral Registry And Capacity Building Measures For Intended Users Component 3 Project Management And Monitoring Support Project Implementation Management And Monitoring Including Activities Related To Financial Management Procurement Environmental And Social Aspects Evaluation Reporting Incremental Operating Costs Communication And Outreach Component 4 Contingent Emergency Response Component Provision Of Assistance In Response To An Eligible Crisis Or Emergency
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