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Georgian foreign debt to increase

By Messenger Staff
Friday, August 3
For the last several years, Georgia has gradually increased its foreign loans by approximately 1 billion GEL annually. This year will be no exception. Overall, GEL 946 million will be taken and almost half of it will be allotted for the regional infrastructure ministry and the money will go to the energy system and other projects. By the date of April 30, 2012, Georgia’s foreign loans will total around is $4.2 billion.