The Ministry of Finance has published a report on Georgia’s External Debt for May 2024. According to the document, the total debt amounted to USD 8.7 billion, which was USD 46 million up than in April.
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
Asian Development Bank (ADB) - USD 2,256,326,000
World Bank Group - USD 2,082,196,000
European Investment Bank (EIB) - USD 1,116,086,000
France - USD 767,114,000
Germany - USD 605,052,000
Government Eurobond - USD 500,000,000
NBG's debt to IMF - USD 393,091,000
European Bank for Reconstruction and Development (EBRD) - USD 224,328,000
Asian Infrastructure Investment Bank (AIIB) - USD 211,780,000
Government debt to IMF - USD 194,560,000
European Union (EU) - USD 143,895,000
Japan - USD 123,647,000
International Fund for Agricultural Development (IFAD) - USD 35,845,000
Council of Europe Development Bank (CEB) - USD 15,146,000
Austria - USD 12,301,000
Russia - USD 11,618,000
Kuwait - USD 10,987,000
United States of America - USD 8,191,000
Turkey - USD 3,310,000
Nordic Environmental Finance Corporation (NEFCO) - USD 1,942,000
Kazakhstan - USD 1,849,000
Azerbaijan - USD 1,700,000
Armenia - USD 1,499,000
Iran - USD 1,240,000
Turkmenistan - USD 211,000
