Bank Of Baku

Georgia’s foreign debt hits 1.768bn

Georgia’s foreign debt hits 1.768bn
# 12 December 2006 15:45 (UTC +04:00)
Georgia’s foreign debt and government loan liabilities totaled $1.768 billion, the country’s Finance Ministry told APA bureau.
Foreign debt alone stands at $1.695 billion, including $594 million owed to 16 creditor nations. Georgia owes Azerbaijan $14.5m.
Georgia also owes about $1 billion to international financial institutions, including $236 million to the International Monetary Fund, $760 million to the World Bank and $10m to International Fund for Agricultural Development (IFAD). /APA/
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