Georgia’s foreign debt increases
BAKU, Azerbaijan, Sept.18
By Tamilla Mammadova – Trend:
As of August 31, Georgia’s foreign debt exceeded $6.75 billion that is $164.248 million more compared with the previous month, Trend reports citing data from the Ministry of Finance of Georgia.
In particular, as of July 31, 2020, Georgia's public external debt exceeded $6.59 billion or 20.25 billion lari.
The country’s largest creditors are the Asian Development Bank (ADB), the World Bank (WB) and the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Georgia’s debt to the IDA is $925.79 million, the International Bank for Reconstruction and Development - $1.01 billion and the Asian Development Bank exceeds $1.43 billion.
As of September 1, Georgia's debt to Azerbaijan amounted to $5.68 million. The monthly debt of Georgia to Azerbaijan decreased by $422,000.
Georgia's debt to Turkey and Russia also decreased compared to the previous month and amounted to $10.95 million and $43.13 million, respectively.
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