The Georgian economy faces many challenges, not least of which is access to finance and the extremely high cost of financing private enterprises. With the cost of borrowing (real interest rate) reaching 17.3% on average in April 2013, businesses find it very difficult to function, let alone invest in innovative technologies, long-term growth, and development.
The main goal of the study was to analyze the existing early learning models, relevant funding schemes, and potential funding strategies to expand preschool enrollment from the current 46%1 to universal coverage of 100%.
The objective of the study was to conduct detailed analysis of the existing funding mechanisms of early learning in Georgia, do a costing of alternative models of provision per child, develop and suggest sustainable financial and legal scenarios, relevant in the Georgian context. ISET-PI was commissioned by UNICEF to design and assess the costing of alternative finance strategies for preschool education in Georgia.