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Home / Economy / Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017.

According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017.

The figure stood at 4.456bln USD as of October 31, 2016.

According to Ministry of Finance, the country owes 3.634bln USD to international institutions, including to the World, IFAD, IMF, EBRD, ADB, EIB.

Georgia has also bilateral creditors and the debts before them account for 822.612mln USD.

External debts from sales of state securities account for 500mln USD.