International Investment Position statistics is harmonised 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 2010 IIP amounted to -11.3 billion of USD that is 7.7 percentage points increase compared to the same period of previous year and 0.6 percentage points growth in comparison with preceding quarter. Total assets amounted to 3.2 billion of USD of which 68.6 percent consists of reserve assets. Reserve assets increased by 47.3 percent as compared to the first quarter of 2009 and made up 2.2 billion of USD. Special Drawing Rights (SDR) account has increased considerably.

As for liabilities, for the same period, total liabilities amounted to more than 14.5 billion of USD.  Liabilities to direct investors increased by 9.9 percent and amounted to 7.6 billion of USD. Portfolio investment liabilities amounted to 898.8 million 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 5.7 percent through International Monetary Fund credits and amounted to 660.5 million of USD. External liabilities of public sector grew up by 40.9 percent. as opposite, banking sector loans decreased by 22.2 percentage points, of which long term liabilities declined by 14.1 percent and short-term liabilities declined by 72.2 percent. Cash and deposits liabilities increased by 34.9 percentage points compared to the same period of previous year.

In August-September of 2009, the International Monetary Fund (IMF) approved a proposal for a new allocation of Special Drawing Rights (SDR) for all members. As a result, Georgia received a sizeable increased amount of SDR, more precisely 114 million of SDR (225 million of USD).  As mentioned above, it was included in reserve assets on the one hand and in the long term liabilities of other investments item on the other hand. Due to this, for the end of the first quarter of 2010, the long term liabilities of the National Bank of Georgia have reached 218.7 million of USD.