Sunday, 17 October 2021 06:36 GMT

Georgia shares data on public debt


(MENAFN- Trend News Agency ) BAKU, Azerbaijan, Sept.24

Tamilla Mammadova – Trend:

Georgian public debt has made up $8.05 billion as of August 31, 2021, Trend reports via the Ministry of Finance of Georgia.

The public debt increased by $45 million in August compared to the previous month. More specifically, the debt increased by $45 million in relation to the European Investment Bank.

As of August 2021, Georgia's external debt was distributed as follows:

● World Bank (IDA and IBRD) - $2.20 billion;
●Asian Development Bank (ADB) - $1.75 billion;
● European Investment Bank (EIB) - $855.98 million;
● Germany - $713.4 million;
● France - $559.09 million;
● Eurobond 2021 - $500 million;
● "National Bank Debt to the International Monetary Fund (IMF)" - $479.97 million;
● European Bank for Reconstruction and Development (EBRD) - $236.84 million;
●Government Debt to the International Monetary Fund (IMF) - $209.36 million;
● Japan - $198.99 million;
● Asian Infrastructure Investment Bank (AIIB) - $189.77 million;
● European Union (EU) - $156.88 million;
●International Fund for Agricultural Development (IFAD) - $37.89 million;
● Russia - $31.57 million;
● Austria - $17.75 million;
● America - $14.71 million;
● Kuwait - $8.68 million;
● Turkey - $8.52 million;
● Kazakhstan - $5.37 million;
● Azerbaijan - $4.40 million;
● Armenia - $4.21 million;
● Iran - $3.26 million;
●Council of Europe Development Bank (CEB) - $3.17 million;
● Scandinavian Environmental Finance Corporation (NEFCO) - $2.21 million;
● China - $464,000;
● Netherlands - $231,000;
● Turkmenistan - $211,000;
● Uzbekistan - $26,000;
● Ukraine - $24,000.

On August 31, 2021, Georgia has refused 75 million loan euros from the European Union, conditioned on the court reform and upholding the EU-brokered April 19 deal, citing the government's attempts to reduce foreign debt and avoid political insinuations.

---

Follow the author on Twitter: @Mila6197935

MENAFN24092021000187011040ID1102859681


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.