Who's afraid of the big bad loan?
By Messenger Staff
Wednesday, April 14
The Georgian National Bank, which has analysed Georgia’s foreign debt and compared it to GDP, has concluded that Georgia should not be afraid of the size of this debt which will remain between 30-40% of GDP for the next five years.
Foreign debt per capita is now USD 2,000 and Georgia’s total loan liabilities are now USD 8.6319 billion. Some analysts express their concern about the rapid increase in this figure. One of the candidates for Mayor of Tbilisi, former President of the National Bank Davit Iakobidze, challenges the official figures and states that Georgia’s debt is now as high as USD 20,000 per capita.
Foreign debt per capita is now USD 2,000 and Georgia’s total loan liabilities are now USD 8.6319 billion. Some analysts express their concern about the rapid increase in this figure. One of the candidates for Mayor of Tbilisi, former President of the National Bank Davit Iakobidze, challenges the official figures and states that Georgia’s debt is now as high as USD 20,000 per capita.