As of June 30, 2004 Georgia’s debt to Armenia makes $19 million 593 thousand. As reported by News Georgia agency, Armenia is among the 12 creditor countries, which are included in the Paris Club decision to restructure the external debt of Georgia. The largest creditors out of those countries are Turkmenistan ($219 million 903 thousand) and Russia ($156 million 858 thousand). The aggregate state debt of Georgia and state-guaranteed credits exceeds $1,8 billion.
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