Armenia’s Foreign Debt Grows By $192.49 Mln To $2.05 Bln In 2006

ARMENIA’S FOREIGN DEBT GROWS BY $192.49 MLN TO $2.05 BLN IN 2006

RIA Novosti, Russia
April 3 2007

YEREVAN, April 3 (RIA Novosti) – Armenia’s foreign debt increased by
$192.49 million to $2.05 billion in 2006, the country’s top statistics
body said Tuesday.

Armenia’s National Statistics Service said the Armenian government’s
foreign debt was $1.02 billion, the private sector’s liabilities
stood at $390.19 million, the debt of monetary authorities amounted
to $185.76 million, commercial banks owed $211.01 million and foreign
direct investment in the form of loans totaled $244.44 million.

Long-term liabilities accounted for the largest part of Armenia’s
foreign debt ($1.45 billion or 70.60%), the statistics service said.

Armenia’s international assets increased by $307.06 million in 2006,
to $1.39 billion as of January 1, 2007, the statistics service said.

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