Georgia’s net international investment position amounts to negative $23.9 billion
Liabilities increased by $563.2 million and amounted to $34.9 billion. Photo: Nino Alavidze/Agenda.ge.
Tweet 
Share
The net international investment position (IIP) of Georgia amounted to negative $23.9 billion as of September 30, 2020, says the National Bank of Georgia.
Net IIP (the difference between the external financial assets and liabilities of a country) deteriorated by $209.7 million compared to the previous quarter.
International assets had amounted to $11.0 billion as of September 30 2020, which is a $353.5 million increase compared to the previous quarter.
Liabilities increased by $563.2 million and amounted to $34.9 billion.
A country's IIP is a financial statement setting out the value and composition of the country's external financial assets and liabilities.
A positive IIP value indicates a country is a creditor nation, while a negative value indicates it is a debtor nation, as is the case with Georgia.
International investment location scouts from leading European and US companies KPMG, Conway, and GDP Global are visiting Georgia for the first time to discover the country's investment potential and state programmes oriented towards industrial development.
As of September 30, 2019 international assets amounted to $10.3 billion, while liabilities came to $33.1 billion, announced the National Bank of Georgia.
The Global Finance magazine named Georgia among the countries with the most dynamic investment attractiveness on the basis of economic stability, indicators of management quality and business regulations, announces Georgian Ministry of Economy.
Georgia’s international investment position (IIP) has dropped on a global scale, shows new data published by the National Bank of Georgia (NBG).