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Georgian Ministry of Finance reveals volume of country's public debt

Finance Materials 21 June 2021 17:23 (UTC +04:00)
Georgian Ministry of Finance reveals volume of country's public debt

BAKU, Azerbaijan, June 21

By Tamilla Mammadova – Trend:

The volume of the public debt of Georgia stands at 32.16 billion lari ($10.1 billion) as of May 31, 2021, which is 57.3 percent of the expected GDP this year, Trend reports via the Ministry of Finance report.

In total, the country currently owes $8 billion (26.34 billion lari) in foreign debt and 5.8 billion lari ($1.8 billion) in domestic debt.

According to specific countries and organizations, the World Bank Group comes first to which the Georgian government owes 6.76 billion lari ($2.1 billion). Public debt stands at 32 billion lari ($10.1 billion).

Overall list:

1. World Bank Group (IDA and IBRD) - 6.76 billion lari ($2.1 billion);
2. European Investment Bank (EIB) - 2.50 billion lari ($791.6 million);
3. Germany (KFW) - 2.41 billion lari ($763.1 million);
4. France (AFD) - 1.89 billion lari ($598.4 million);
5. 10-year Eurobonds of the Government of Georgia - 1.64 billion lari ($519.3 million);
6. External debt of the National Bank of Georgia to the IMF - 1.60 billion lari ($506.6 million);
7. EBRD - 761 million lari ($240.9 million);
8. Government's external debt to the IMF - 696 million lari ($220.3 million);
9. Japan - 665 million lari ($210.5 million);
10. Asian Infrastructure Investment Bank (AIIB) - 609 million lari ($192.3 million);
11. European Union (the EU) - 531 million lari ($168.1 million);
12. Russia - 123 million lari ($38.9 million);
13. International Fund for Agricultural Development (IFAD) - 120 million lari ($37.9 million);
14. Austria - 62 million lari ($19.6 million);
15. The US - 50 million lari ($15.8 million);
16. Turkey - 32 million lari ($10.1 million);
17. Kuwait - 29.8 million lari ($9.4 million);
18. Kazakhstan - 25.3 million lari ($8.01 million);
19. Armenia - 16.7 million lari ($5.2 million);
20. Azerbaijan - 16.6 million lari ($5.2 million);
21. Iran - 12.4 million lari ($3.9 million);
22. Council of Europe Development Bank (CEB) - 10.7 million lari ($3.3 million);
23. Scandinavian Environmental Finance Corporation (NEFCO) - 7.9 million lari ($2.5 million);
24. China - 1.5 million lari ($474,975);
25. Netherlands - 1.2 million lari ($379,980);
26. Turkmenistan - 0.69 million lari ($218,488);
27. Uzbekistan - 0.17 million lari ($53,830);
28. Ukraine - 0.16 million lari ($50,664).


The volume of domestic debt is 5.8 billion lari ($1.8 million).

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