In October, Georgia's foreign debt declined by $201 million and stood at $8.83 billion.
A decline in debt was caused by Georgia's repayment of its public debt over the past month, and the euro’s devaluation which reduced the volume of euro- denominated debt (59% of external debt is denominated in euros).
According to the Ministry of Finance, Georgia owes the largest amount of debt - $ 2.3 billion - to the Asian Development Bank (ADB) which is the largest donor contributing
funding to infrastructure in the country. The World Bank is in second place with $2.15 billion, and the European Investment Bank is the third with $1.1 billion.
The volume of Georgia's foreign debt as of October 2024 by creditors:
|
CreditorsDebt balance in October 2024 million dollars |
Debt balance in October 2024 (million dollars) |
Increase/decrease compared to the previous month (million dollars) |
|
Asian Development Bank (ADB) |
$2,307 |
-$55 |
|
World Bank |
$2,149 |
-$28 |
|
European Investment Bank (EIB) |
$1,110 |
-$39 |
|
France (AFD) |
$790 |
-$24 |
|
Germany (KFW) |
$601 |
-$16 |
|
Eurobond |
$500 |
$0 |
|
Debt of the National Bank to the IMF |
$379 |
-$7 |
|
European Bank for Reconstruction and Development (EBRD) |
$222 |
-$7 |
|
Asian Infrastructure Investment Bank (AIIB) |
$214 |
-$5 |
|
Government debt to the International Monetary Fund (IMF) |
$196 |
-$4 |
|
European Union (EU) |
$144 |
-$4 |
|
Japan |
$123 |
-$8 |
|
International Fund for Agricultural Development (IFAD) |
$36 |
-$1 |
|
Council of Europe Development Bank (CEB) |
$15 |
$0 |
|
Austria |
$11 |
-$1 |
|
Kuwait |
$10 |
-$1 |
|
Russia |
$8 |
$0 |
|
USA |
$7 |
-$1 |
|
Turkey |
$2.2 |
$0 |
|
Nordic Environment Finance Corporation (NEFCO) |
$1.8 |
$0 |
|
Kazakhstan |
$1.3 |
$0 |
|
Azerbaijan |
$1.2 |
$0 |
|
Armenia |
$1.0 |
$0 |
|
Iran |
$0.8 |
$0 |
