As of September 1 this year, Georgia has fully repaid its external debt to Russia and six other creditor countries of the Paris Club under the agreement on restructuring part of the Georgian debt reached in 2004, according to data published on the Georgian Finance Ministry's website, Interfax reports.
In addition to Russia, the debt to Azerbaijan, Turkey, Kazakhstan, Armenia, Iran and the Netherlands has been repaid. As of August 1, the total remaining debt to these countries was $7.32 million, including $4 million to Russia.
The payments covered debts amounting to $160 million taken before 1999, interest on obligations accumulated from 1999 to May 2004, and debts due for repayment in 2004-2006 according to a previously approved schedule. The restructuring was carried out from June 1, 2004, to December 1, 2006, with the repayment schedule providing for payments over 20 years. The restructuring agreement followed the International Monetary Fund's approval of an assistance program for Georgia in 2004.
The total amount of payments exceeded $225 million, according to the Finance Ministry's materials.
As of September 1, 2025, Georgia's external public debt amounted to $9.09 billion, having increased 5.8% since the beginning of the year. In the currency structure of the country's external public debt, almost 70% is denominated in euros.
