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This followed BIB's default on loan repayments in late September.
It faces various bond repayments in March and more in the summer.
Three of its subsidiaries quietly postponed debt repayments in 2010.Few creditors have complained.
PPI is intended to cover loan repayments in the event of job loss or illness.
The current shareholders may not see money from loan repayments in any case.
The country faces substantial debt repayments in 2013, and poverty and unemployment remain engrained features of Georgian life.
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The government has pledged to take into account up to $22.5 billion in past-due interest when calculating repayments, giving in to a central demand of thousands of creditors who have not received anything on their investment since 2002.
Student loan repayments kick in at 9percentt interest when graduates' salaries reach $31,000, so those on the upper end of that spectrum are paying back about 90 cents a day.
Student loan repayments kick in at 9percentt marginal rate when graduates' salaries reach £21,000, so those on the upper end of that spectrum are paying back about 60p a day.
If all that happens, Greece is in line to receive a much-delayed €7.2 billion loan instalment from May, in time to meet €6.7 billion of repayments due in July and August and avert a default.There are plenty of obstacles along the way, however.
His team in Kenya has trained local participants to track indicators of success, such as increases in crop yields, group savings, micro-lending and loan repayments, declines in infant mortality, completion of literacy classes and leadership training.
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