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Georgia’s state debt reaches $9.2 billion, ADB remains largest creditor

by Lana Kokaia
May 14, 2026
in Business & Economy, Highlights, News
Reading Time: 1 min read
Non-financial corporations’ assets reach GEL 150.7 billion in 2024

Dollar banknotes. Photo: BookMyForex.

The Ministry of Finance publishes statistics on state debt as of April 2026, showing total debt reaching $9.2 billion, up by more than $183 million annually.

Most of Georgia’s external debt is concentrated in loans from international financial institutions. The Asian Development Bank remains the largest creditor with $2.53 billion, followed by the World Bank with $2.28 billion.

Among bilateral creditors, France (AFD) is the largest, with Georgia owing $858 million.

As of April 2026, Georgia’s external debt is distributed as follows:

  • Asian Development Bank (ADB) – $2.53 billion;
  • World Bank – $2.28 billion;
  • European Investment Bank (EIB) – $1.20 billion;
  • France – $858 million;
  • Germany – $600 million;
  • Eurobond – $501 million;
  • International Monetary Fund (IMF) – $295 million (National Bank debt);
  • Asian Infrastructure Investment Bank (AIIB) – $241 million;
  • European Bank for Reconstruction and Development (EBRD) – $222 million;
  • International Monetary Fund (IMF) – $157 million (government debt);
  • European Union – $154 million;
  • Japan – $109 million;
  • International Fund for Agricultural Development (IFAD) – $37 million;
  • Council of Europe Development Bank (CEB) – $16 million;
  • Austria – $9 million;
  • Kuwait – $6 million;
  • Nordic Environment Finance Corporation (NEFCO) – $4 million;
  • United States – $4 million.
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