International Investment Position statistics is harmoniesed with balance of payments 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 2009 IIP amounted to -11.0 billion of USD that is 10.3 percentage points increase compared to the same period of previous year and 1.6 percentage points growth in comparison with preceding quarter. Total assets amounted to 3.0 billion of USD of which 66.2 percent consists of reserve assets and 20.4 percent of cash and deposits. Reserve assets increased by 46.4 percent as compared to the third quarter of 2008 and made up 2.0 billion of USD. Special Drawing Rights account has increased considerably.

As for liabilities, for the same period, total liabilities amounted to more than 14.0 billion of USD.  Liabilities to direct investors increased by 10.0 percent and amounted to 7.3 billion of USD. Portfolio investment liabilities amounted to 880.5 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 1.5 times through International Monetary Fund credits and amounted to 699.0 million of USD. External liabilities of public sector grow up by 32.4 percent. For the end of September, banking sector loans decreased by 16.7 percentage points, of which long term liabilities declined by 2.4 percent and short-term liabilities declined by 62.9 percent. Cash and deposits liabilities decreased by 23.7 percentage points compared to the second quarter 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 3rd quarter of 2009, the long term liabilities of the National Bank of Georgia have reached 228.1 million of USD.