The project performance assessment of the Rural Development Project supported rural finance, value chain and enterprise development, as well as institutional capacity-building. Although implemented in a critical transition period in Georgia (2006-2012), it effectively addressed selected bottlenecks in rural development, such as lack of financing for agricultural production, insufficient food safety services, weak agribusiness facilities and feeble land registration systems. The investment in providing microcredits to farmers was deemed as a highly relevant and effective tool in reviving agricultural and livestock production, and ensuring food security. On the other hand, this assessment revealed that the agricultural supply chain activity component was under designed, underinvested, and suffered approval delays and cancellation of some activities.