BAKU, Azerbaijan, April 20
By Tamilla Mammadova – Trend:
Georgia's external debt went down by $104.881 million in March 2021, year-on-year and amounted to $7.720 billion, Trend reports via Georgian Ministry of Finance.
Foreign liabilities increased by $2.032 billion, compared with the same period of last year ($5.688 billion).
As of March 2021, the government's external liabilities amounted to $7.353 billion, while those of National Bank amounted to $367 million.
The country has obligations arising from the sale of international organizations, bilateral creditor states and government securities.
Georgia’s largest creditors are Asian Development Bank (ADB); World Bank International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD). In particular, the debt to IDA totals $886.577 million; the external debt to the IBRD reaches $1.144 billion, to the Asian Development Bank (ADB) the debt exceeds $1.730 billion.
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