Georgia owes over $4 billion

Georgian foreign debt and loans under state guarantees come to a total of $4.021 billion, according to information of the Georgian Ministry of Finance of February 28, 2011, News Georgia reports.


Georgian state debt has increased by $84.3 million since early 2011.


Georgia has 17 bilateral creditors with a total loan equal to $587.832 million.


The creditors include Austria ($488,000), Azerbaijan ($13.959 million), Turkmenistan ($211,000), Turkey ($26.673 million), Iran ($10.918 million), Russia ($115.099 million), Armenia ($16.636 million), Uzbekistan ($348,000), Ukraine ($318,000), Kazakhstan ($27.774 million), China ($4.562 million), Germany ($237.502 million), Japan ($57.268 million), Kuwait ($26.164 million), the Netherlands ($8.187 million), the USA ($35.264 million) and France ($6.465 million). State securities: Eurobonds - $500 million.


Georgian international institutes owe a total of $2.929 billion. It owes $1.21 billion to the World Bank, $192.137 million to the International Reconstruction and Development Bank, $1.063 billion to the International Monetary Bank, $18.609 million to the European Union, $50.314 million to the European Reconstruction and Development Bank, $23.368 million to the International Fund for Agricultural Development, $334.144 million to the Asian Development Bank and $37.437 million to the European Development Bank.


Germany provided $3.527 million to Georgia in the form of state guarantees.

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