Georgia, Tbilisi, Oct.1 /Trend, N. Kirtskhalia /
Net international investment position of Georgia is negative and in the second quarter of 2010 hit 11.4 billion dollar, which is 5.5 percent more compared to the same period of last year, and 1.7 percent more compared to the first quarter of 2010.
Total assets amounted to 3.0 billion dollar of which 61.7 percent consists of reserve assets, Georgian National Bank said. Reserve assets increased by 22.9 percent as compared to the second quarter of 2009 and made up 2.2 billion dollar for the end of the reporting quarter. Special Drawing Rights (SDR) account has increased considerably.
International Investment Position statistics is harmoniesed with balance of paymenets statistics and covers monetary authority, government, banking and other sectors.
As for liabilities, for the same period, total liabilities amounted to more than 14.4 billion dollar. Liabilities to direct investors increased by 6.4 percent and amounted to 7.5 billion dollar. Portfolio investment liabilities amounted to 870.1 million dollar, of which 500 million dollar government Eurobonds incurred in second quarter of 2008.