BAKU, Azerbaijan, March 28
By Tamilla Mammadova – Trend:
External liabilities of the National Bank of Georgia amounted to $449.7 million or 2.5 percent of GDP in 2019, Trend reports via National Bank of Georgia.
The bonds and loans of public enterprises were correspondingly $832.5 million or 4.7 percent of GDP and $866.1 million and 4.9 percent of GDP.
Banking sector external debt amounted to $4.5 billion or 25.4 percent of GDP.
Other sectors' external debt stood at $4.7 billion or 26.3 percent of GDP; while $3.3 billion or 18.6 percent of GDP was the intercompany lending.
Around 89.6 percent of the gross external debt of Georgia was denominated in foreign currency.
External liabilities of the National Bank of Georgia increased by $45 million, out of that, transactions led to increase of the debt by $39.2 million, and exchange rate changes lead to its increase by $5.9 million.
By the end of the year 2019, the external debt of the National Bank of Georgia amounted to $449.7 million, of which $199.3 million are Special Drawing Rights (SDR) which have no maturity date, therefore there is no obligation to repay them as long as Georgia is a member of the IMF.
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