ARMENIAN FOREIGN DEBT RISES TO $1,2 BILLION
ARMENPRESS
Jun 04 2007
YEREVAN, JUNE 4, ARMENPRESS: By the end of March, 2007, Armenia’
state debt amounted to 498 billion Armenian Drams. Some 56 billion
Drams were domestic debt and 442.5 billion Drams or $1.2 billion were
foreign debt.
Armenia’s National Statistical Service said domestic debt at the end
of the first quarter of 2006 was 52.3 billion Drams and 58 billion
drams by the end of 2006.
Armenia’s foreign debts by the end of March 2007 rose 10.1 percent
from a year ago. Seventy-one percent of it is owned to World Bank
and 13.2 percent to the International Monetary Fund (IMF).
The debt to Germany is 4.1 percent. Armenia also owns the International
Fund for Agricultural Development (IFAD), the USA, the European Bank
for Reconstruction and Development (EBRD), France, Japan OPEC Fund.