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Georgia's Public Debt Exceeds 32 Billion GEL

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BM.GE
20.06.21 19:00
586
According to the Ministry of Finance report, as of May 31, 2021, the volume of the public debt of Georgia is 32.16 billion GEL, which is 57.3% of the expected GDP this year.
 
In 2021, the Georgian government will receive a new debt of 5.27 billion GEL, of which $ 500 million will be refinancing Eurobonds. In total, the country currently owes $ 8 billion ( 26.34 billion GEL ) in foreign debt and 5.8 billion GEL in domestic debt.
 
According to specific countries and organizations, the World Bank Group's leader in debt statistics, to which the Georgian government owes 6.76 billion GEL.
 
Public debt is 32 billion GEL. Which countries and international organizations does Georgia owe?
 
1. World Bank Group (IDA and IBRD) - GEL 6.76 billion;
2. European Investment Bank (EIB) - GEL 2.50 billion;
3. Germany (KFW) - GEL 2.41 billion;
4. France (AFD) - 1.89 billion GEL;
5. 10-year Eurobonds of the Government of Georgia - 1.64 billion GEL;
6. External debt of the National Bank of Georgia to the IMF - 1.60 billion GEL;
7. European Bank for Reconstruction and Development (EBRD) - GEL 761 million;
8. Government external debt to the IMF - GEL 696 million;
9. Japan - 665 million GEL;
10. Asian Infrastructure Investment Bank (AIIB) - GEL 609 million;
11. European Union (EU) - GEL 531 million;
12. Russia - 123 million GEL;
13. International Fund for Agricultural Development (IFAD) - GEL 120 million;
14. Austria - GEL 62 million;
15. America - 50 million GEL;
16. Turkey - 32 million GEL;
17. Kuwait - GEL 29.8 million;
18. Kazakhstan - GEL 25.3 million;
19. Armenia - 16.7 million GEL;
20. Azerbaijan - 16.6 million GEL;
21. Iran - GEL 12.4 million;
22. Council of Europe Development Bank (CEB) - GEL 10.7 million;
23. Scandinavian Environmental Finance Corporation (NEFCO) - GEL 7.9 million;
24. China - 1.5 million GEL;
25. Netherlands - 1.2 million GEL;
26. Turkmenistan - GEL 0.69 million;
27. Uzbekistan - GEL 0.17 million;
28. Ukraine - GEL 0.16 million;
 
The volume of domestic debt is 5.8 billion GEL.