22 Oct 2010 17:39

Georgia

TBILISI. Oct 22 (Interfax) - Georgia's direct and guaranteed foreign debt in January-September

2010 increased by $372.4 million, or 11%, to $3.754 billion, the country's Finance Ministry said.

The country's foreign debt went up by 289.4 million, or 8.4%. Debt increased in September by 5% in comparison with August and 13.7% since the end of September 2009.

Georgia's debt owed to international financial institutions in the nine months went up by $373.8 million, or 16.1% to $2.69 billion.

Debt owed to the International Monetary Fund (IMF) increased by $278.7 million to $1.065 billion and to the World Bank - up $77.7 million to $1.33 billion. Georgia's debt to the European Investment Bank came to $16.3 million in September.

Georgia's debt owed to countries increased by $1 million to $558.1 million including Germany - $200.9 million, Russia - $117.4 million and Japan - $57.6 million.

The country's foreign debt also included $500 million in Eurobonds, which were placed in April 2008.

Total loans taken by enterprises under guarantee decreased by $2.5 million to $3.6 million in January-September.

Georgia's total foreign state debt came to $3.382 billion on December 31, 2009, or 31.5% of GDP.