Georgia’s Finance Minister, Lasha Khutsishvili, claims that the country has made substantial progress in reducing its foreign debt.
The Minister expects the foreign debt to fall below 40% this year.
“The country has made considerable headway in lowering its foreign debt. Foreign debt, which had previously exceeded 60%, has decreased considerably in the last year and this year. This year, the foreign debt will fall below 40% and hover around 39.5%,” Lasha Khutsishvili noted.