National Bank of Georgia: international assets amounted to $10.3 billion, liabilities came to $33.1 billion
A positive IIP value indicates a nation is a creditor nation, while a negative value indicates it is a debtor nation. Photo: Nino Alavidze/Agenda.ge.
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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.
Georgian net international investment position (IIP) amounted to ($22.8 billion), which is an $574.4 million increase from the previous quarter, says the NBG.
A country's IIP is a financial statement setting out the value and composition of that country's external financial assets and liabilities. A positive IIP value indicates a nation is a creditor nation, while a negative value indicates it is a debtor nation, as is such in Georgian case.
Georgia currently owes $17.8 billion in external debt, and this amount is increasing, says the National Bank of Georgia (NBG). During the first quarter of 2019, the gross external debt of Georgia increased by $10.2 million.
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).
Georgia’s international investment position (IIP) has dropped on a global scale, reveals new data published by the National Bank of Georgia (NBG).
As of December 2019, the external debt of Georgia amounted to $18.6 billion, which was 105.1 per cent of the gross domestic product of the year, says the National Bank of Georgia.
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.