As of June 2025, Georgia's gross external debt stands at $9.145 billion (approximately 24.91 billion GEL at current exchange rates), reflecting a $182 million increase compared to May’s total of $8.963 billion, according to the Ministry of Finance.

Breakdown of Debt:

• Government’s direct external debt: $8.804 billion

  • Multilateral creditors: Over $6.7 billion

  • Bilateral creditors: $1.603 billion

• National Bank of Georgia's external liability: $340.6 million

Major Multilateral Creditors:

• Asian Development Bank (ADB): $2.445 billion

• World Bank – IBRD: $1.755 billion

• European Investment Bank (EIB): $1.2 billion

• World Bank – IDA: $453.4 million

• International Monetary Fund (IMF): $168.3 million

Top Bilateral Creditors (as of June 30, 2025):

• France: $855.1 million

• Germany: $591.1 million

• Japan: $124.8 million

• Austria: $10.7 million

• Kuwait: $8.1 million

• USA: $5.9 million

• Russia: $4 million

Other Notable Bilateral Debts:

• Turkey: $1.14 million

• Kazakhstan: $636,000

• Azerbaijan: $585,000

• Iran: $427,000

Georgia continues to rely heavily on international financial institutions for development financing, with ADB, the World Bank, and EIB remaining the country’s largest creditors.