Net international investment position (IIP) of Georgia amounted to -16.0 billion of USD (-26.5 billion GEL) by the end of 31^st of March 2013, that is 100.3 percent of Georgian GDP. This number is decreased by 1.7 billion USD (2.9 billion GEL) compared to the first quarter of 2012 figure and by 241.9 million USD (401.1 million GEL) compared to the previous period data. Transactions, exchange rate changes, price changes and other changes all were negative during the quarter. Total international assets amounted to 5.6 billion of USD (9.3 billion GEL) as for 31^st of March 2013. 52.4 percent out of total international assets consists of reserve assets; 27.4 percent - of other investments; 19.6 percent - of direct investment abroad; and 0.6 percent of portfolio investment and financial derivatives. 19.0 percent of total international assets consists of currency and deposits; 6.4 percent - of trade credits; 1.7 percent - of loans. Reserve assets increased by 124.6 million of USD (205.6 million GEL) compared to the record of 31^st of March 2012. By the end of first quarter of 2013 Reserve assets amounted to 2.9 billion of USD (4.9 billion GEL). 157.6 million of USD (260.1 million of GEL) out of net annual changes of reserve assets was due to transactions and -31.1 millions of USD (-51.3 million of GEL) - due to exchange rate changes.

As for liabilities, by the end of same period, total liabilities amounted to 21.6 billions of USD (35.8 billion of GEL), that is 2.4 billion of USD (3.9 billion of GEL) increase on annual base.  The liabilities to direct investors has increased by 12.1 percent and amounted to 11.0 billions of USD (18.2 billion GEL). Portfolio investment liabilities grew by 36.0 percent annually, and amounted to 2.1 billions of USD (3.4 billion of GEL). Out of total portfolio investment liabilities 664.0 million USD (1.1 billion of GEL) are Georgian government's Eurobonds, 613.2 millions of USD (1.0 billion GEL) - Eurobonds of Georgian railway and 271.7 millions of USD (450.4 million of GEL) - Georgian Oil and Gas Corporation bonds. Treasury bills and treasury notes bought by non-residents, total 123.1 millions of USD (204.1 million GEL) is included in this component.

By the end of the first quarter of 2013 other investments liabilities increased by 7.8 percent compared to the same period record of preceding year, and amounted to 8.5 billion of USD (14.1 billion of GEL). Out of that amount 6.6 billion of USD (11.0 billion GEL) is comprised by loans. Monetary authorities' loans decreased by 49.4 percent as compared to the same period record of the previous year and amounted to 283.2 million of USD (469.4 million GEL). External liabilities of general government grew by 9.8 percent annually due to increase of long term liabilities. Liabilities of other sectors increased by 24.5 percent annually and amounted to 1.7 billion of USD (2.8 billion of GEL) by the end of 31^st of March 2013.  On the contrary, banking sector loans decreased by 8.1 percent totaled to 1.3 billion USD (2.1 billion GEL). This fall was mainly conditioned by the decrease of short-term liabilities in banking sector. Currency and deposits liabilities increased by 36.5 percent compared to the previous year record and reached 814.1 million USD (1.3 billion GEL).

By the end of March 2013, the other long term liabilities of the National Bank of Georgia amounted 215.9 millions of USD (357.8 million GEL), which is the allocation of Special Drawing Rights (SDR).