Breakdown of Georgia's Public External Debt

◾️ Overview

The breakdown of Georgia's public external debt as of July 2026 has been announced by the Ministry of Finance of Georgia.

• Total Public External Debt: $9.016 billion | +$27.2 million from the previous month

• Direct Government External Debt: $8.752 billion

• National Bank External Liabilities: $263.82 million | Note

The total national debt as of June 2026 was $8.989 billion.

Data as of April is as follows.

◾️ Breakdown by Creditor

• Multilateral Creditors: Over $6.73 billion

• Asian Development Bank | ADB: $2.469 billion

• World Bank - International Bank for Reconstruction and Development: $1.896 billion

• European Investment Bank | EIB: $1.185 billion

• World Bank - International Development Association: $353.03 million

• Asian Infrastructure Investment Bank: $240.19 million

• European Bank for Reconstruction and Development: $217.40 million

• Bilateral Creditors: Over $1.527 billion

• 🇫🇷France: $845.09 million

• 🇩🇪 Germany: $559.49 million

• 🇯🇵Japan: $103.9 million

*Japan also contributes to Georgia's infrastructure development in the form of yen loans through JICA.

◾️ Conclusion

Georgia's debt level is healthy at approximately 30% of GDP.

Furthermore, a key feature of Georgia is its transparency regarding debt, clearly disclosing to everyone from whom and under what conditions the country borrows money.

Looking at the breakdown of creditors, the top ones are international development financial institutions.

In other words, the focus is on preferential loans with low interest rates and long repayment periods.

This is also one of the reasons for S&P's 'positive assessment' of the Georgian economy.

Instead of obfuscating with complicated terms like 'the national debt is...' or 'the funding source is...', they fulfill their basic accountability by disclosing to the public 'who they are borrowing from, how much, and under what conditions.'

The fact that they disclose the details of national debt in a way that even a complete amateur in finance and economics can understand reveals a distinct characteristic of the nation of Georgia.

As a country, they are doing the 'obvious' things in an obvious way.

I believe this should be valued much more highly.

The logic of 'Georgia -> I don't know it -> I'm anxious' will likely crumble after reading this article.

・TBC BANK | Bank of Georgia Account Opening:

Over 230 accounts opened from February 2025 to July 2026.

Permanent follow-up via customer support chat even after account opening.

▶︎ TBC BANK | Key points for bank account opening procedures:

▶︎ Bank of Georgia | Key points for bank account opening procedures:

Thank you as always.

If you found this article helpful, please click "Like" or "Follow".

I would be very happy if you could also introduce the Georgia Economic Newspaper to your friends.

▼ Georgia Economic Newspaper Related Articles:

▼ TBC BANK Practical Archive:

▼ Bank of Georgia Practical Archive:

▼ [Q&A] Georgia Bank Account: