The Ministry of Finance has published new statistics of external debt. According to the report, as of August 31,2021, public debt has made up $ 8.05 billion.
The public debt increased by $ 45 million in August compared to the previous month. More specifically, the debt increased by $ 45 million in relation to the European Investment Bank, from which Georgia is expected to receive a new tranche of debt in August.
As of August 2021, Georgia's external debt was distributed as follows:
● World Bank (IDA and IBRD) - $ 2,205,346,000;
●Asian Development Bank (ADB) - $ 1,754,555,000;
● European Investment Bank (EIB) - $ 855,984,000;
● Germany - $ 713,484,000;
● France - $ 559,091,000;
● Eurobond 2021 - $ 500,000,000;
● "National Bank Debt to the International Monetary Fund (IMF)" - $ 479,974,000;
● European Bank for Reconstruction and Development (EBRD) - $ 236,840,000;
●Government Debt to the International Monetary Fund (IMF) - $ 209,366,000;
● Japan - $ 198,996,000;
● Asian Infrastructure Investment Bank (AIIB) - $ 189,772,000;
● European Union (EU) - $ 156,886,000;
●International Fund for Agricultural Development (IFAD) - $ 37,893,000;
● Russia - $ 31,570,000;
● Austria - $ 17,757,000;
● America - $ 14,711,000;
● Kuwait - $ 8,686,000;
● Turkey - $ 8,529,000;
● Kazakhstan - $ 5,374,000;
● Azerbaijan - $ 4,400,000;
● Armenia - $ 4,210,000;
● Iran - $ 3,265,000;
●Council of Europe Development Bank (CEB) - $ 3,176,000;
● Scandinavian Environmental Finance Corporation (NEFCO) - $ 2,217,000;
● China - $ 464,000;
● Netherlands - $ 231,000;
● Turkmenistan - $ 211,000;
● Uzbekistan - $ 26,000;
● Ukraine - $ 24,000;
On August 31, 2021, Georgia has refused EUR 75 million loan from the European Union, conditioned on the court reform and upholding EU-brokered April 19 deal, citing the government's attempts to reduce foreign debt and avoid political insinuations.
