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Will Georgia be able to services its foreign debts?

By Messenger Staff
Thursday, May 6
According to official information, in 2009 Georgian foreign debts increased by 25% reaching more than USD 3.5 billion. In 2010 to service these liabilities Georgia will need approximately USD 160 million. This sum will pay interest as well as partially pay down the debt. But Georgia still takes on extra debts. According to the official data it will receive additional loans amounting to USD 1.2 billion. The amount needed to service the indebtedness will gradually increase reaching its peak in 2013 when Georgia will have to pay USD 800 million for that purpose.