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Georgia’s foreign debt

By Messenger Staff
Thursday, November 12
On October 31, 2009 Georgia’s foreign debt was about GEL 5.5 billion. Out of this amount GEL 3.8 billion is accounted for by loans for different organisations.

Georgia also has take out loans of about GEL 1 billion for issuing Eurobonds and loans covered by state guarantees. Its loan profile has increased dramatically, because at the end of October 2008 Georgia’s loans were about GEL 3.5 billion.