Armenia’s Foreign Debt Up 27% Year-On-Year To $1.6bln On April 1

ARMENIA’S FOREIGN DEBT UP 27% YEAR-ON-YEAR TO $1.6BLN ON APRIL 1

RIA Novosti
June 2 2008
Russia

YEREVAN, June 2 (RIA Novosti) – Armenia’s foreign debt grew 26.9%
year-on-year to $1.55 billion as of April 1, 2008, the South Caucasus
country’s national statistics body said on Monday.

The Armenian government’s foreign debt stood at $1.37 billion,
while the liabilities of the Central Bank totaled $172 million,
the statistics service said.

The government’s foreign debt comprised liabilities to international
financial institutions, including the World Bank ($1.05 billion),
the International Monetary Fund ($161 million), the International
Fund for Agricultural Development ($58 million), and the OPEC Fund
for International Development ($13 million).

Armenia’s debt to creditor nations stood at $270 million, of which
$124 million was owed to Germany, $103 million to Japan and $38
million to the United States, the statistics service said.