BAKU, Azerbaijan, June 30
Tamilla Mammadova – Trend:
Georgian banking sector external debt amounted to $4.4 billion or 28.5 percent of GDP, Trend reports via the National Bank of Georgia (NBG).
Other sectors' external debt stood at $4.8 billion or 31.1 percent of GDP; while $3.2 billion or 20.5 percent of GDP was the inter company lending. Some 92.6 percent of the gross external debt of Georgia was denominated in foreign currency.
External liabilities of the National Bank of Georgia amounted to $573.8 million or 3.7 percent of GDP, and the bonds and loans of public enterprises were correspondingly $797.1 million or 5.1 percent of GDP and $925.4 million and 6 percent of GDP.
External liabilities of the National Bank of Georgia decreased by $9.4 million, out of that, transactions led to decrease of the debt by $39,000; exchange rate changes decrease the debt by $9.4 million.
By the end of the first quarter of 2021, the external debt of the National Bank of Georgia amounted to $573.8 million, of which $204 million are Special Drawing Rights (SDR) which have no maturity date, therefore there is no obligation to repay them as long as Georgia is a member of the IMF.
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