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Georgia's foreign debt stands at $1.7 bln

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TBILISI, April 19 (RIA Novosti) - Georgia's foreign debt and sovereign loans amounted to $1.7 billion as of March 31, 2007, the Georgian finance ministry said Thursday.

Georgia owes $553.5 million to 15 creditor countries, $12.5 million to the European Bank for Reconstruction and Development and $4 million to Germany, which issued a sovereign loan.

Georgia also owes $1.2 billion to international institutions.

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