The external debt of Georgia increased by $555.369 million and reached
$3.936 billion in 2010. The Finance Ministry says that the
multilateral credits are worth $2.850 billion, exceeding the indicator
in 2009 by $532.099 million, Georgia Online reports.
The debt to the World bank increased by $105.376 million and reached
$1.357 billion, and to the IMF it increased by $264.101 million and
reached $1.05 billion. The debt to the European Union dropped by $51
million and reached $18 million, while to the EBRD it increased by $24
million and reached $46 million. The debt to the Asian Development
Bank grew from $186 million to $320 million. Georgia took out a loan
worth $36 million from the European Investment Bank in 2010.
The number of Georgia’s bilateral loans remains at 17 since 2009. But
the previous debt in the last year rose from $557 million to $583
million. Georgia’s largest bilateral loan comes from Germany, rising
from $28 million to $226 million. The debt to Russia dropped from $118
million to $117 million.
State securities are worth half a billion dollars. They were issued in
April 2008, initiated by Prime Minister Vladimir Gurgenidze. The
credits taken as a guarantee were worth $3.4 million.
