Georgia's external debt grows year-on-year
BAKU, Azerbaijan, December 17
By Tamilla Mammadova – Trend:
Georgia’s external debt amounted to nearly $5.4 billion as of November 30, 2019, Trend reports citing the Ministry of Finance of Georgia.
This is $27 million less compared to October 2019.
Meanwhile, it is $284 million more than in November 2018, when the external debt of Georgia amounted to $5.1 billion.
The largest creditors of Georgia are Asian Development Bank (ADB), International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD).
In particular, Georgia's debt to ADB reached $1.1 billion, to IDA - $966.5 million, and to IBRD - $903.6 million.
Georgia also owes financial institutions such as the Asian Infrastructure Investment Bank - $24.8 million, the Council of Europe's Development Bank - $992,000, the European Bank for Reconstruction and Development - $114.4 million, European Investment Bank - $525.4 million, European Union - $41.8 million, International Fund for Agricultural Development - $32.6 million, International Monetary Fund - $6.8 million, and Northern Environment Finance Marketing Corporation – $795,000.
As for countries, Georgia’s debt to Germany as of November 30, reached $323.4 million.
It is followed by France - $237 million, Japan - $221.4 million, Russia - $55.6 million, Austria - $19.7 million, US - $18.5 million, Kazakhstan - $14.9 million, Kuwait - $9.9 million, Turkey - $13.6 million, Azerbaijan - $7.1 million, Iran - $5.4 million, China - $1.3 million, Netherlands – $697,177, Turkmenistan – $218,565, Uzbekistan – $124,097, and Ukraine – $113,291.
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