Georgia’s total public debt reached USD 8.82 billion as of October 2026, down USD 100 million from the previous month and USD 200 million year-on-year, according to statistics published by the Ministry of Finance. The decline is largely attributed to the slight depreciation of the Euro against the US dollar, as around two-thirds of Georgia’s external debt is denominated in Euros.
Most of Georgia’s external debt consists of loans from international financial institutions. The Asian Development Bank (ADB) is the country's largest creditor, with outstanding loans totaling USD 2.4 billion, followed by the World Bank with USD 2.2 billion.
Among individual countries, France is Georgia’s largest creditor, with the country owing it approximately USD 846 million.
