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About Georgian foreign debt

By Messenger Staff
Monday, March 14
Analysts are expressing concern about Georgian foreign debt. Its volume is increasing very dramatically, reaching almost 45% of the GDP. Of course there are countries where the volume of foreign debt in regards to GDP is higher but each country has its own problems and ideas for how to deal with it. Analysts think that in 2011 Georgia will need USD 121 mln to pay back those debts. In 2012, USD 257 will be needed and in 2013 -771 mln USD. Along with these amounts there should be added the cost of servicing those debts, around USD 71 mln for 2010, USD 70 mln 2011, USD 68 mln in 2012 and USD 45 mln in 2013.