Georgia Faces the Threat of "Debt Trap Diplomacy" – Agreement with China's Central Bank Endangers the Country's Financial Independence, - this statement was released by "Civil Idea."

According to the statement, the Memorandum of Understanding signed between the National Bank of Georgia and the Central Bank of China on March 26, 2025, poses a new threat to the country’s financial sovereignty.

"Civil Idea" asserts that this agreement, which covers cooperation in monetary policy, financial technologies, payment systems, and the development of the securities market, could expose Georgia’s economy to the risks associated with China’s growing financial influence.

"It is noteworthy that in recent years, the foreign policy of 'Georgian Dream' has been clearly oriented toward China, further deepening the country's economic dependence. The government's decisions, including the rejection of EU financial assistance and the intensification of cooperation with China-dominated international financial institutions, raise serious concerns that Georgia may fall victim to 'debt trap diplomacy.'

Cooperation with China’s banking sector carries significant risks, including financial opacity, political pressure, corrupt schemes, and the potential loss of strategic assets in case of debt non-payment. International practice shows that Chinese financial institutions frequently employ 'cross-default' clauses, which grant creditors leverage for political and economic pressure.

In this situation, it is crucial for Georgia to safeguard its financial sovereignty and remain committed to international standards. The government's economic policies and agreements with foreign financial institutions should serve the country's long-term interests rather than strengthen the influence of a foreign state," the statement reads.