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 third quarter of 2010 IIP amounted to -11.9 billion of USD that is 7.2 percentage points increase as compared to the previous. Total assets amounted to 3.7 billion of USD of which 60.4 percent consists of reserve assets. Reserve assets increased by 7.3 percent as compared to 2009 and amounted to 2.3 billion of USD by the end of the 2010.

As for liabilities, for the same period, total liabilities amounted to 15.6 billion of USD.  Liabilities to direct investors increased by 6.2 percent and amounted to 7.8 billion of USD. Portfolio investment liabilities grew by 28.9 percent yearly, mainly due to issue of Eurobonds by Georgian Railways. Portfolio investment liabilities amounted to 1.2 billion of USD, of which 500 million of USD is government Eurobonds incurred in second quarter of 2008.

By the end of reporting period, as compared to the preceding year, monetary authorities’ loans decreased by 4.9 percent through International Monetary Fund credits and amounted to 654.6 million of USD. External liabilities of public sector grew by 27.4 percent due to International Monetary Fund credits and other long term liabilities. As opposite, banking sector loans decreased by 0.3 percentage points, of which long term liabilities declined by 0.2 percent and short-term liabilities declined by 0.7 percent. Cash and deposits liabilities increased by 29.7 percentage points compared to the previous year.

By the end of the 2010, the other long term liabilities of the National Bank of Georgia reached 221.8 million of USD, which is the allocation of Special Drawing Rights (SDR).