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 second quarter of 2010 IIP amounted to -11.4 billion of USD that is 5.5 percentage points increase as compared to the same period of previous year and 1.7 percentage points growth in comparison with preceding quarter. Total assets amounted to 3.0 billion of USD of which 61.7 percent consists of reserve assets. Reserve assets increased by 22.9 percent as compared to the second quarter of 2009 and made up 2.2 billion of USD for the end of the reporting quarter. Special Drawing Rights (SDR) account has increased considerably.

As for liabilities, for the same period, total liabilities amounted to more than 14.4 billion of USD.  Liabilities to direct investors increased by 6.4 percent and amounted to 7.5 billion of USD. Portfolio investment liabilities amounted to 870.1millions of USD, of which 500 million of USD 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 increased by 1.2 percent through International Monetary Fund credits and amounted to 639.6 million of USD. External liabilities of public sector grew up by 31.5 percent. As opposite, banking sector loans decreased by 15.9 percentage points, of which long term liabilities declined by 9.3 percent and short-term liabilities declined by 56.3 percent. Cash and deposits liabilities increased by 35.5 percentage points compared to the same period of previous year.

For the end of the second quarter of 2010, the other long term liabilities of the National Bank of Georgia have reached 213.0 million of USD which is the allocation of Special Drawing Rights (SDR).