Georgian gross external debt in figures
21 July, 2011
Georgian gross external debt in figures

Gross External Debt of Georgia amounted to USD 10184. 6 million. Besides the public sector debt, it includes private sector’s arrears (banking and other sector) external debt, Georgian Central Bank informs.  

Gross External Debt of Georgia by March 31 of 2011 amounted to USD 10184.6 million of which USD 3485.6 million (34.2%) is public sector debt, USD 891.4 million (8.8%) – is a debt of the National Bank of Georgia (NBG), USD 1778.5 million  (17.5%) - Banking sector’s debt, USD

1746.0 million  (17.1%) - other sector’s debt and USD 2283.1 million  (22.4%) is intercompany lending. 95.1% of the Gross External Debt of Georgia is denominated in foreign currency.

During the first quarter of 2011, Gross External Debt of Georgia increased by USD 462.1 million that is made by  operational and exchange rate changes leading to increase in gross external debt of Georgia by USD 280.9 and  USD 153.9 million respectively, and price and other changes by USD 27.3 million.

Public sector debt grew by USD 142.9 million during the reporting period; operational changes increased the public sectors external liabilities by USD 51.9 million and exchange rate changes by USD 74 million.

External liabilities of the NBG increased by USD 15 million. USD 10.7 million out of the figure was a decline due to operational changes and USD 25.7 million grew due to exchange rate changes.

External liabilities of banking sector, during the reporting period grew by USD 184.5 million. Long-term loan of the banking sector decreased by USD 51.3 million.  To the contrary, short-term external liabilities of the banking sector increased by USD 235.8 million.  96.6% of increased short-term external liabilities of the banking sector, which amounted to USD 227.9 million is a result of operational changes. Due to exchange rate changes banking sector external debt increased by USD 9 million.

Other sectors’ external liabilities increased by USD 56.1 million out of which the USD 6.5 million and 11.7% growth comes with the nonbanking financial organizations’ external liabilities. Other sectors liabilities increased by USD 23.3 million due to operational changes, thanks to exchange rate changes it increased by USD 27.7 million and due to price and other changes by USD 5 million.

Intercompany lending increased by USD 63.7 million in which operational changes make USD 40.9 million, USD 17.5 million and USD 5.2 million are made by exchange rate and other changes respectively.

Increase in foreign liabilities mainly was observed in loans denominated in foreign currency. During the reporting period gross external debt in foreign currency increased by USD 443.4 million and for the end of the period amounted to USD 9.681billion. The external debt denominated in national currency increased by USD 18.7 million and by the end of reporting period reached USD 503.6 million.

 

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