The Ministry of Finance of Georgia published a financial document. As of April 2023, the external debt of Georgia amounted to USD 8.55 billion. Y-O-Y, the state foreign debt increased by USD 730 million, while the debt in the national currency decreased by USD 2.6 billion amounting to GEL 21.35 billion due to the strengthening of GEL against USD and EUR.
The Asian Development Bank’s (ADB) credit ranks first in Georgia's foreign debt, which the country took to develop the largest infrastructure projects. The World Bank Group is in second place, the WB credits are mainly used for infrastructure projects as well. The European Investment Bank is in third place.
Whose Debt Does Georgia Own? - Statistics
● Asian Development Bank (ADB) - USD 2.1 billion;
● World Bank Group - USD 2.0 billion;
● European Investment Bank (EIB) - USD 1.0 billion;
● France - USD 768 million;
● Germany - USD 651 million;
● Eurobond - USD 500 million;
● Debt of the National Bank to the IMF - USD 322 million;
● European Bank for Reconstruction and Development (EBRD) - USD 237 million;
● Asian Infrastructure Investment Bank (AIIB) - USD 202 million;
● Government debt to the International Monetary Fund (IMF) - USD 198 million;
● Japan - USD 151 million;
● European Union (EU) - USD 146 million;
● International Fund for Agricultural Development (IFAD) - USD 37 million;
● Russia - USD 19 million;
● Austria - USD 14 million;
● Council of Europe Development Bank (CEB) - USD 13 million;
● Kuwait - USD 12 million;
● United States of America - USD 10 million;
● Turkey - USD 5.3 million;
● Kazakhstan - USD 3.0 million;
● Azerbaijan - USD 2.7 million;
● Armenia - USD 2.4 million;
● Iran - USD 2.0 million.
