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 -11.7 billion of USD that is 6.9 percentage points increase as compared to the same period of previous year and 2.5 percentage points growth in comparison with preceding quarter. Total assets amounted to 3.5 billion of USD of which 59.7 percent consists of reserve assets. Reserve assets increased by 5.0 percent as compared to the third quarter of 2009 and made up 2.1 billion of USD for the end of the reporting quarter.

As for liabilities, for the same period, total liabilities amounted to more than 15 billion of USD.  Liabilities to direct investors increased by 6.2 percent and amounted to 7.7 billion of USD. Portfolio investment liabilities grew by 25.4 percent yearly mainly due to issue of Eurobonds by Georgian Railways. Portfolio investment liabilities amounted to 1.1 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 same period of preceding year, monetary authorities’ loans decreased by 4.9 percent through International Monetary Fund credits and amounted to 665.1 million of USD. External liabilities of public sector grew by 23.7 percent. As opposite, banking sector loans decreased by 12.0 percentage points, of which long term liabilities declined by 8.5 percent and short-term liabilities declined by 41.7 percent. Cash and deposits liabilities increased by 19.9 percentage points compared to the same period of previous year.

For the end of the third quarter of 2010, the other long term liabilities of the National Bank of Georgia have reached 224.1 million of USD which is the allocation of Special Drawing Rights (SDR).