The Ministry of Finance published a report. As of October 2022, Georgia's foreign debt amounted to GEL 21.3 billion. This amount was GEL 3.4 billion less than in January 2022. The main reason for the reduction of foreign debt is the strengthening of the national currency.

In January, 1 USD was worth 3.06 GEL on average, in relation to which the exchange rate was currently strengthened by 12%.

The average exchange rate of GEL against EUR has strengthened by 17%. 58% of the foreign debt is currently denominated in EUR (32% in USD), therefore the devaluation of the EUR itself is one of the leading factors in reducing Georgia's debt.

As for the composition of the debt to donors and countries, the situation in this regard is unchanged - Georgia owes the largest amount of money to the World Bank Group.

Foreign Debt Statistics Of Georgia:

● World Bank Group - USD 1.93 billion;
● Asian Development Bank (ADB) - USD 1.81 billion;
● European Investment Bank (EIB) - USD 807 million;
● France (AFD) - USD 633 million;
● Germany (KFW) - USD 582 million;
● Eurobond - USD 500 million;
● the NBG's debt to the IMF - USD 330 million;
● European Bank for Reconstruction and Development (EBRD) - USD 220 million;
● Government debt to the IMF - USD 189 million;
● Asian Infrastructure Investment Bank (AIIB) - USD 181 million;
● Japan - USD 142 million;
● European Union (EU) - USD 132 million;
● International Fund for Agricultural Development (IFAD) - USD 27 million;
● Russia - USd 25.4 million;
● Austria - USD 13.8 million;
● Kuwait - USD 11.9 million;
● United States of America - USD 11.6 million;
● Council of Europe Development Bank (CEB) - USD 8.6 million;
● Turkey - USD 6.3 million;
● Kazakhstan - USD 3.5 million;
● Azerbaijan - USD 3.2 million;
● Armenia - USD 2.9 million ;
● Iran - USD 2.4 million.