Georgia’s External Debt Increases

What is the reason for the increase in the country’s external debt? According to the Finance Ministry’s statistics, the State external debt as of July 2013 amounts to 4 159 000 000 USD, which represents a 30 million increase from the previous month. According to the Finance Ministry spokeswoman Khatuna Ivanishvili, the external debt has mainly increased due to the changes in the currency exchange rates. The difference between the funds acquired and paid out for various infrastructural projects has been identified as another reason for the increase.