The Ministry of Finance published a report. As of February 2023, Georgia's foreign debt amounted to USD 8.26 billion. This amount was GEL 130 million more compared to the same period of 2022. However, due to the strengthening of the national currency against EUR and USD, the foreign debt amounts to GEL 21.7 billion, which is 3.9 billion less y-o-y.
Whose Debt Does Georgia Own?
Georgia owes the largest amount of money to the Asian Development Bank, which the country took for the development of the largest infrastructure projects. In second place is the World Bank Group, whose credits are also mainly used for infrastructure projects. The European Investment Bank ranks on third place.
Foreign Debt Statistics Of Georgia:
● ADB - USD 2.06 billion;
● World Bank Group - USD 1.97 billion ;
● EIB - USD 909 million;
● France (AFD) - USD 728 million;
● Germany (KFW) - USD 623 million;
● Government Eurobond - USD 500 million;
● EBRD - USD 226 million;
● AIIB - USD 194 million ;
● IMF (government) - USD 194 million;
● Japan - USD 151 million;
● EU - USD 140 million;
● IFAD - USD 37 million;
● Russia - USD 22 million;
● Austria - USD 14 million;
● Kuwait - USD 12 million;
● United States of America - USD 11 million;
● CEB - USD 9 million;
● Turkey - USD 6 million;
● Kazakhstan - USD 4 million;
● Azerbaijan - USD 3 million;
● Armenia - USD 3 million;
● Iran - USD 2 million.
