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Georgia’s debt to Azerbaijan decreases

Finance Materials 17 January 2020 12:46 (UTC +04:00)
Georgia’s debt to Azerbaijan decreases

BAKU, Azerbaijan, Jan. 17

By Tamilla Mammadova – Trend

As of January 1, 2020, Georgia’s debt to Azerbaijan made up $6.69 million, down by $175,000 compared to December 2019, Trend reports referring to Ministry of Finance of Georgia.

As reported, Georgia’s total external public debt increased by $347,436 month-on-month to $5.74 billion. Meanwhile, government debt accounts for $5,49 billion of this amount.

Georgia’s debt to Germany amounted to $375.36 million, to France - $330.94 million and to Japan - $212.28 million.

Georgia’s debt to Turkey and Russia slightly dropped to $12.90 million and $51.35 million, respectively.

According to the Ministry of Finance, the country's debt to international organizations is $ 3.9 billion.

Georgia also has 17 bilateral lenders, and Georgia’s debt to these countries reaches $ 1.01 billion.

The amount of external debt received from the sale of government securities is $ 500 million.

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