Georgia's external public debt up
BAKU, Azerbaijan, Sept.28
By Tamilla Mammadova – Trend:
Georgia's external public debt exceeded $6.75 billion or 20.74 billion lari as of August 31, 2020, which is $164.24 million more than in the previous month, Trend reports via Georgian Ministry of Finance.
In particular, as of July 31, 2020, Georgia's external debt exceeded $6.59 billion or 20.25 billion lari.
Georgia’s largest creditors are Asian Development Bank (ADB); World Bank International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD).
Georgia’s external public debt to IDA makes $925.79 million; the external debt to the IBRD amounts to $1.01 billion, the debt to the Asian Development Bank (ADB) exceeds $1.43 billion.
The list of other Georgia’s creditors is as follows:
Asian Infrastructure Investment Bank (AIIB) - $ 69.53 million;
Council of Europe Development Bank (CEB) - $ 1.06 million;
European Bank for Reconstruction and Development (EBRD) - $154.64 million;
European Investment Bank (EIB) - $716.85 million;
European Union (EU) - $44.86 million;
International Fund for Agricultural Development (IFAD) - $ 34.70 million;
International Monetary Fund (IMF) - $ 208.58 million;
Scandinavian Environmental Finance Corporation (NEFCO) - $813,000.