Georgia owes Azerbaijan $14.2 million
Georgia, Tbilisi, July 21 / Trend N.Kirtzkhalia /
Georgia owes Azerbaijan $14.243 million as of June 30, 2010, the Georgian Finance Ministry said. Georgia's total amount of debt was $16,189,573.
The debt was formed in 1992-1994 as a result of business transactions between the state enterprises.
The debt was accumulated in 1992-1994 as a result of business transactions between state enterprises. The inter-governmental agreement on restructuring of Georgia's debt to Azerbaijan was signed in Batumi on August 17, 2006. Full repayment must be implemented by 2025 in accordance with the inter-governmental agreements on restructuring the debt of Georgia to Azerbaijan, which entered into force in February 2007.
The total amount of public external debt and loans taken under the government guarantees made $3 464.795 million. The country's external debt hit $3,460,493 million As of June 30.
Georgia owes 17 countries $533.534 million under the bilateral agreements. Germany, Russia, and Japan are among the largest creditors of Georgia.
Georgia owes Germany $177,776 million, Russia $117,438 million, Japan $55,695 million, the United States $36.787 million, Turkey $32,936 million, Kazakhstan $27.774 million, Kuwait $22,967 million, Armenia $16,974 million, Iran $11,137 million, the Netherlands $8,149 million, France $5,718 million, China $4,414 million, Austria $636,000, Uzbekistan $355,000 million, Ukraine $324,000 million and Turkmenistan $0.211 million.
The country attracted $ 500 million under the placement of government securities (Eurobonds).
Creditors to Georgia are also international financial institutions. Total debt to them is $2,426,959 million. This debt was accumulated to the WB, the International Monetary Fund, the European Union, EBRD, the International Fund for Agricultural Development (IFAD).
Georgia attracted loan in the amount of 1.11 million from EBRD under the state guarantees dollars and from Germany - $3.2 million. The total amount of loans made under the state guarantees, is $4.3 million.
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