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Georgia reveals volume of foreign debt by countries

Finance Materials 28 September 2020 18:13 (UTC +04:00)
Georgia reveals volume of foreign debt by countries

BAKU, Azerbaijan, Sept.28

By Tamilla Mammadova – Trend:

France is the leader of the bilateral creditor countries of Georgia, to which Georgia’s foreign debt amounted to 1.72 billion lari ($517.5 million) as of August 31, followed by Germany - 1.52 billion lari ($457.3 million); and Japan - 658.01 million lari ($198.05 million), Trend reports via Georgian Ministry of Finance.

Georgia’s external public debt to other countries is as follows: Azerbaijan - 17.44 million lari ($5.2 million); Austria - 58.72 million lari ($17.6 million); China - 2.67 million lari ($803,442); Iran - 13.21 million lari ($3.9 million); Kazakhstan - 30.66 million lari ($9.2 million); Kuwait - 24.20 million lari ($7.2 million); Netherlands - 1.51 million lari ($454,381); Russia - 132.40 million lari ($39.8 million); Turkey - 33.63 million lari ($10.1 million); Turkmenistan - 648,000 lari ($194,992); Ukraine - 212,000 lari ($63,793); America - 52.41 million lari ($15.7 million); Uzbekistan - 232,000 lari ($69,812).

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.

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).

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