The Ministry of Finance has published updated statistics on Georgia’s public debt as of April 2026, showing that the country’s total government debt has reached $9.2 billion, an annual increase of more than $183 million.
The rise in debt is largely due to new loan agreements signed over the past year to finance major infrastructure projects. One of the largest is a $360 million loan from the Asian Development Bank (ADB) to support the construction of the Batumi–Sarpi highway and tunnel.
Most of Georgia’s external debt is owed to international financial institutions. The Asian Development Bank is the country’s largest creditor, with $2.5 billion in outstanding loans. It is followed by the World Bank, with $2.3 billion.
Among individual countries, France (AFD) is Georgia’s largest bilateral lender, with Georgia owing $858 million to the French development agency.
