Georgia

Based on the 2007- 2010 BSTDB Business Plan, BSTDB would expect to approve approximately two to three new operations per annum during this period, for approximately US$ 11-12 million per year. Over the four year period, this implies 10 approved operations for approximately US$ 46 million. With BSTDB committing to raising the level of commitments (signed operations) to approved operations to over 80%, the Bank expects signings for 2007-2010 to be on the order of 9 operations for US$ 40 million (US$ 10 million per annum). It should be noted that these are indicative targets, and that given appropriate circumstances and sufficient operational opportunities, the Bank would gladly exceed this level.