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.

Source: Trend News Agency