Georgia owes over $3 billion to creditors

Read on the website Vestnik Kavkaza

The total Georgian external debt for state credit guarantees as of May
31st this year reached $3.448 billion, Rosbalt reports, citing the
Georgian Ministry of Finance.


Georgia owes most of the money - $2.441 billion - to international
finance-credit institutions, $1.203 billion of it to the World Bank,
$1.203 billion to the International Monetary Fund, $175.516 million to
the Asian Development Bank and $44.041 million to the EU.
Altogether, Georgia owes money to 17 countries: $177.845 million to
Germany, $118.160 million to Russia, $54.240 million to Japan, $36.787
million to the USA, $33.028 million to Turkey, $27.774 million to
Kazakhstan, $20.407 million to Kuwait, $17.1 million to Armenia,
$14.295 to Azerbaijan, $11.189 million to Iran, $9.207 million to the
Netherlands and $5.818 million to France.


Georgia also has debts to China, Australia, Uzbekistan and Ukraine.
Its smallest debt is to Turkmenistan, amounting to $211,000.