Georgia to repay debts to Azerbaijan by 2025
12 October 2006 09:46 (UTC +04:00)
The agreement between Azerbaijan and Georgia was unanimously approved at a parliament voting.
Georgia owes Azerbaijan US $16.189mn.
$2.7mn will be paid by the end of 2006 and $3.239mn will be paid during 2007-2021.
Beginning from 2010 the third repayment will be made to Azerbaijan up to 2025.
The debt carries interest of 3% per annum.
As of September 30, 2006, Georgia’s foreign debt stood at USD 1.7486bn. Georgia owes the World Bank, International Development Association ($739 149 000), International Monetary Fund ($224 147 000), Russia ($147 140 000). /APA/
Georgia owes Azerbaijan US $16.189mn.
$2.7mn will be paid by the end of 2006 and $3.239mn will be paid during 2007-2021.
Beginning from 2010 the third repayment will be made to Azerbaijan up to 2025.
The debt carries interest of 3% per annum.
As of September 30, 2006, Georgia’s foreign debt stood at USD 1.7486bn. Georgia owes the World Bank, International Development Association ($739 149 000), International Monetary Fund ($224 147 000), Russia ($147 140 000). /APA/
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