Foreign loans increase vis-a-vis GDP
By Messenger Staff
Monday, March 12According to data from the Ministry of Finance released February 29, foreign loans to the Georgian government amount to $3.7 billion USD.
Foreign loans make up 57.5% of Georgia's GDP. International economic standards dictate that it is problematic when loans make up more than 60% of GDP. Government officials suspect that the amount of foreign loans will be reduced in the future.