ARMENIA’S FOREIGN DEBT TO TOTAL 3.5BN IN 2010
Hasmik Dilanyan
"Radiolur"
10.11.2009 17:27
A 15% economic decline will be registered in Armenia by the end of
this year, Gagik Minasyan, Chairman of the Standing Committee on
Financial-Credit and Budgetary Affairs of the National assembly,
told a press conference.
Some economic growth is expected next year, but the forecasts may
prove false. "The analyses show that Armenia has reached the bottom
of economic decline, but, unfortunately, we cannot make forecasts
about economic growth," Minasyan said.
He said that Armenia’s foreign debt will reach U.S. $3bn this year,
and U.S. $3.5bn next year. O compare, Armenia’s foreign debt totaled
1.5bn in 23008."Armenia is negotiating to attract credits now,"
Minasyan said. He also pointed out that the unallowable limit of
foreign debt is 50%, but Armenia has not yet reached the point.
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