
International Investment Position of Georgia
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 second quarter of 2009 IIP amounted to -10.9 billion USD that is 14.6 percentage points increase compared to the same period of previous year. Total assets amounted to 2.3 billion USD of which 66.8 percent consists of reserve assets and 15.8 percent of cash and deposits.
As for liabilities, for the same period, total liabilities amounted to more than 13 billion USD. Liabilities to direct investors increased by 7.7 percent and amounted to more than 7 billion USD. Portfolio investment liabilities amounted to 874.9 million USD, of which 500 million USD government Eurobonds incurred in second quarter of 2008. Banking sector loans decreased by 5.4 percentage points, of which long term liabilities increased by 12.2 percent, while short-term liabilities decreased by 51.8 percentage points. Monetary authorities’ loans increased 2.7 times through International Monetary Fund credits and amounted to 647.5 million USD. Cash and deposits liabilities decreased by 41.4 percentage points compared to the second quarter of previous year.