Georgia to pay off $200m external debt this year
Georgia will pay $200 million to pay off its external debt this year, Georgian Finance Minister Nodar Khaduri told the media on Tuesday.
He said that Georgia will start paying the debts in May.
"The state budget has a relevant resource and we decided to transfer it to debt payment," he said.
Khaduri said that the state will pay debts on Eurobonds amounting to $40 million and will also pay off debt to the International Monetary Fund (IMF).
According to the Georgian National Bank, as of January 1, 2013, the country's total debt amounted to $13.4 billion.
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