Georgia’s foreign loan decreases

The situation in the Georgian economy is far from perfect. However, there is one achievement which the country could be proud of. This is rather small– a visible decrease of the foreign loan liabilities. In the first six months of 2013 the state has managed to pay $87 million USD in liabilities. As the Minister of Finance Nodar Khaduri has stated, there were 40 million USD in loans to be paid for the 2008 euro bonds, as well as the loans from the IMF. It looks like Georgia has started paying back this money.