As of March 2024, Georgia’s state foreign debt exceeded $ 8.722 billion, at today's exchange rate it exceeded GEL 23.510 billion that is $249.843 million more compared to the same period of last year.
According to the Ministry of Finance of Georgia, as of March 2023, the debt amounted to $8.473 billion or GEL 21.694 billion at the then exchange rate.
In the reporting period, the external debt of the government increased even more, while the National Bank’s decreased. In particular, the government debt soared by almost $287 million in March compared to the same period of the previous year and totaled $8.326 billion against $8.039 billion in March 2023. The National Bank’s debt declined from $433.164 million to $396.553 million.
As of March 2024, Georgia’s largest creditors are Asian Development Bank (ADB), European Investment Bank (EIB) and International Bank for Development (IBRD).
Major creditors as of March 2024 are as follows:
Asian Development Bank (ADB) – $2.238 billion;
European Investment Bank (EIB) – $1.118 billion ;
World Bank, International Bank for Reconstruction and Development (IBRD) – $1.519 billion;
World Bank, International Development Association (IDA) – $556.8 million.
