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Tuesday, 20 March 2018


Georgia has suspended payment of debt of $ 20 million to Kazakhstan

2012-05-14 16:02

According to the Minister of Finance of Kazakhstan Bolat Zhamishev, Georgia has suspended payment of sovereign debt, the total amount of which is about $ 20 million, to Kazakhstan, the IA Regnum reported.


"Georgia has a debt to us, this is the debt of sovereign Georgia. Currently, Georgia has ceased to fulfill these obligations, citing the decision of the Paris Club: since they have restructured all of the external liabilities of the country,  Paris Club demanded to restructure all other commitments under the same conditions, and this gave them a reason not to fulfill obligations to us", Zhamishev said during the governmental hour.

"This debt amounts about $ 20 million, and this issue is now being discussed", he added.

"With regard to (other) debts to the Republic of Kazakhstan, then we have an unregulated relationship associated with the transition to single payments via correspondent accounts, this change was done after Kazakhstan has obtained independence, from 1991 to 1992", the Minister concluded.

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