International Investment Position statistics is harmoniesed with balance of paymenets statistics and covers monetary authority, government, banking and other sectors. International investment position statistics is published since 2007 annually (data covered since 2006). Starting from 2009 international investment position statistics is published quarterly.

Net international investment position (IIP) of Georgia is negative. By the end of the first quarter of 2011 IIP amounted to -12.4 billion of USD that is 10.9 percentage points increase on yearly base. Total assets amounted to 3.8 billion of USD of which 70.7 percent consists of reserve assets. Reserve assets increased by 23.6 percent as compared to the first quarter of 2010 and amounted to 2.7 billion of USD by the end of the reporting period.

As for liabilities, for the same period, total liabilities amounted to 16.2 billion of USD.  Liabilities to direct investors increased by 8.4 percent and amounted to 8.0 billion of USD. Portfolio investment liabilities grew by 32.0 percent yearly, mainly due to issue of Eurobonds by Georgian Railways. Portfolio investment liabilities amounted to 1.2 billion of USD, of which 550.6 million of USD is government Eurobonds.

By the end of the reporting period, as compared to the preceding year, other investments increased by 15.4 percent and amounted to 7.0 billion of USD. From that amount loans comprised 5.8 billion of USD. Monetary authorities’ loans increased by 0.4 percent as compared to the first quarter of 2010 due to exchange rate changes and amounted to 663.0 million of USD. External liabilities of public sector grew by 23.2 percent due to International Monetary Fund credits and other long term liabilities. Banking sector loans increased by 10.0 percentage points, of which long term liabilities declined by 4.3 percent while short-term liabilities increased 3.9 times. Cash and deposits liabilities increased by 58.7 percentage points compared to the previous year.

By the end of the first quarter of 2011, the other long term liabilities of the National Bank of Georgia reached 228.4 million of USD, which is the allocation of Special Drawing Rights (SDR).