Georgia's external public debt down 3% in H1 2026

TBILISI. July 14 (Interfax) - Georgia's external public debt amounted to $8.99 billion at the end of June 2026 compared to $9.29 billion at the end of 2025, according to materials on the Georgian Finance Ministry's website.

The indicator therefore decreased 3.2% in H1 2026.

In the structure of external public debt, the Georgian government's debt amounted to $8.73 billion (-2.9%), while that of the National Bank of Georgia (to the International Monetary Fund under special drawing rights) stood at $261.6 million (-13.2%).

Multilateral external public debt decreased 2.8% in H1, to $6.71 billion. Within its structure, Georgia's largest creditors are the Asian Development Bank ($2.49 billion, -1.6%), the European Investment Bank ($1.18 billion, -2.5%), the International Bank for Reconstruction and Development ($1.89 billion, at the level of the beginning of the year), and the European Bank for Reconstruction and Development ($216 million, -3.2%).

Bilateral external public debt decreased 5% to $1.51 billion. In particular, debt to France amounted to $837.8 million (-4%), debt to Germany was $545.4 million (-6%), and debt to Japan totaled $105.2 million (-6.5%).

In the composition of external public debt, obligations under Eurobonds amounted to $505.8 million.

In the currency structure of the country's external public debt, almost 70% is in euros.

Georgia's external public debt grew 8.1% in 2025. The debt decreased 3.6% in 2024 after growing 6.7% in 2023, 1.7% in 2022 and 8.9% in 2021.

It was previously reported that a number of European countries, in particular Germany, refused to provide new credit support to Georgia at the state level at the end of 2023 for political reasons.