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Georgia’s External Debts Rise by $242 million Year on Year

Georgia’s External Debts Rise Year on Year

Georgia’s external debts marked 4.324 billion USD as of March 1, 2016, up 24 million USD month on month and up 242 million USD year on year, according to the Finance Ministry statistics.

In January 2016 the foreign debts equaled 4.3 billion USD. The figure marked 4.072 billion USD as of March 1, 2015.

Georgia owes 3.065 billion USD to international institutions, including the World Bank, the International Foundation for Agriculture Development, the International Monetary Fund, the European Bank for Reconstruction and Development, the Asian Development Bank, the European Investment Bank.

Georgia owes 738.162 million USD to 17 bilateral creditor countries.

External debts from issued state securities constitute 500 million USD.