Georgia's total external debt totals $13.4 billion by early 2013

Business Materials 29 March 2013 18:40 (UTC +04:00)

Georgia, Tbilisi, March 29 / Trend, N. Kirtskhalia /

Statistics of the total external debt of Georgia is harmonized with the balance of payments of the country. The external debt of the country is made up of public external debt (the government sector and the National Bank), and the external debt of the private sector (banking and other sectors), the National Bank of Georgia told Trend on Friday.

As of December 31, 2012, the total external debt of Georgia amounted to $13.4 billion (22.1 billion lari). Of the country's total external debt, $ 4.2 billion (seven billion lari) accounted for the government debt (31.8 percent), $582.3 million (964.8 million lari, or 4.4 percent) - the National Bank of Georgia, $2,5 billion (4.1 billion lari, or 18.5 percent) - the banking sector, $3.2 billion (5.3 billion lari, or 24.1 percent) - other sectors.

According to the report, 94.3 percent of the total external debt is denominated in foreign currency.