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Georgia’s Foreign Debts Grow by 382 million USD

Georgia’s Foreign Debts Grow by 382 million USD

Georgia’s foreign debts marked 4.422 billion USD as of May 1, 2016. According to the Finance Ministry statistics, Georgia’s foreign liabilities rose by 27 million USD month on month and by 382 million USD year on year.

As of May 1, 2015, Georgia’s external debts constituted 4.04 billion USD, while the figure marked 4.395 billion USD as of April 1, 2016.

According to the Finance Ministry report, Georgia owes 3.159 billion USD to international institution, including the World Bank, the International Foundation for Agriculture Development (IFAD), the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the European Investment Bank (EIB).

Georgia owes 759 million USD to bilateral creditor countries and 500 million USD from sold state securities.