As of September 2025, Georgia’s total public debt reached $9.27 billion, an increase of $178 million compared to the previous month. The data was released by the Ministry of Finance.
The rise in external debt was primarily driven by a $115.8 million increase in Georgia’s obligations to the World Bank, bringing the total owed to the institution to $2.3 billion. Despite the growth, the country’s largest creditor remains the Asian Development Bank (ADB), with loans totaling $2.48 billion, up by $34 million month-over-month.
Other major lenders include the European Investment Bank (EIB) with $1.19 billion, France with $851 million, and Germany with $599 million. Georgia’s debt to the International Monetary Fund (IMF) and the European Union (EU) stood at $340 million and $156 million, respectively.
Among smaller creditors, Georgia owes $244 million to the Asian Infrastructure Investment Bank (AIIB), $225 million to the European Bank for Reconstruction and Development (EBRD) and $120 million to Japan. The country’s debt to other partners such as the United States, Austria and Kuwait remains minimal, totaling under $20 million each.
The Finance Ministry stated that the overall structure of Georgia’s foreign debt continues to be dominated by concessional loans from international financial institutions.
