Net int’l investment position of Georgia equals negative $25.6 bln
International assets amounted to 11.1 billion USD as of September 30, 2021, which is a 150.3 million USD increase quarterly. Photo: Nino Alavidze/Agenda.ge.
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The net international investment position (IIP) of Georgia, which measures the difference between external financial assets and liabilities of a country, amounted to negative 25.6 billion USD as of September 30, 2021, the National Bank of Georgia reports.
Net IIP deteriorated by 319.8 million USD compared to the previous quarter.
International assets amounted to 11.1 billion USD as of September 30, 2021, which is a 150.3 million USD increase quarterly.
Liabilities increased by 470.1 million USD in the reporting period and totalled 36.7 billion USD.
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.
The National Bank of Georgia has won the transparency nomination at the Central Banking Awards, which recognises the outstanding performance and achievements of individuals and organisations within the central banking community.
Commercial banks in Georgia loaned 41.40 billion GEL and received deposits of 35.75 billion GEL in November of this year, the National Bank of Georgia (NBG) reports.
A new website has been launched in Georgia providing the ‘up-to-date’ information on corporate sustainability and responsibility issues both globally and within Georgia.
As a result of the measures taken by the National Bank of Georgia (NBG) aimed at ensuring the stability of the financial system as a whole in Georgia, the financial sector has passed the particularly severe phase of the shock caused by the Covid-19 pandemic 'quite successfully', says the NBG in its recent report.
Georgia’s gross external debt is up 130.9 million USD quarter-on-quarter, amounting to 21.0 billion USD as of September 30, 2021, the National bank of Georgia (NBG) says. Gross external debt is currently equal to 120% of annual GDP.
Georgia currently owes $22.1 billion in external debt and the amount is growing, the National Bank of Georgia has said in its latest update of related statistics.