The Ministry of Finance has published a report on Georgia’s External Debt for April, 2024. According to the document, the total debt amounted to USD 8.67 billion, which was USD 45 million less than in March.
However, compared to the previous year, the state debt has increased by USD 124 million due to new debts. According to the report, over the last year, the state's debt towards the Asian Development Bank (ADB) increased by USD 109 million, which was currently the largest donor financial institution of the Georgian government.
The government of Georgia borrows foreign debt mainly for financing large infrastructure projects, among which the most expensive projects are the East-West Highway, as well as the new North-South connecting highway. International donors also allocate funds for the country's regional development projects and budget-supporting credits.
Statistics of Georgia’s External Debt
ADB - USD 2,232,080,000
World Bank - USD 2,070,087,000
EIB - USD 1,106,599,000
France (AFD) - USD 759,948,000
Germany (KFW) - USD 616,406,000
Georgian Eurobond - USD 500,000,000
The debt of the National Bank to the IMF - USD394,720,000
EBRD - USD 222,143,000
AIIB- USD 209,009,000
Government debt to IMF - USD 193,736,000
EU - USD 142,551,000
Japan -USD 124,536,000
International Fund for Agricultural Development - USD 36,303,000
Council of Europe Development Bank (CEB) - USD 15,005,000
Austria - USD 12,186,000
Russia - USD 11,618,000
Kuwait - USD 10,959,000
United States of America - USD 8,191,000
Turkey - USD 3,310,000
Nordic Environmental Finance Corporation - USD 1,924,000
Kazakhstan - USD 1,849,000
Azerbaijan - USD 1,700,000
Armenia - USD 1,499,000
Iran - USD 1,240,000
