About the Georgia’s foreign loans

The National Bank of Georgia reports that according to the data of December 31, 2012, Georgia’s aggregated foreign loan reached USD $13.4 billion. The foreign loan has increased in recent years very quickly, which gives the grounds for analysts to suggest that the country might face problems in the future while paying back the loans and servicing them. Much of the country’s potential goes in this direction. The dynamics of Georgia’s state foreign loan is as follows in: 2000 – Georgia’s foreign loan was USD 1.556 billion; 2001 – USD 1.521 billion; 2002 – 1.659 billion; 2003 – 1.754; 2004 – 1.858; 2005 – 1.735; 2006 – 1.790; 2008 – 2.692; 2009 – 3.382; 2010 – 3.937; and in 2011 – USD 4.176 billion.