ARMENIAN FOREIGN STATE DEBT TO STAND AT 21% OF GDP IN 2006 – MINFIN
Interfax, Russia
Dec 11 2006
YEREVAN. Dec 11 (Interfax) – Armenia’s foreign state debt will stand at
$1.261 billion at the end of 2006, or 21% of GDP, Arshaluis Markarian,
head of foreign and domestic debt management at the Finance and
Economics Ministry, told reporters on Monday.
The government will have $1.095 billion of foreign state debt and the
Central Bank of Armenia will have $166 million at the end of 2006,
he said.
This forecast is based on a rate of SDR1/$55, since most of Armenia’s
credit portfolio is in SDR, Markarian said.
Disclaimer: This article was contributed and translated into English by Babken Chilingarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2006/12/14/armenian-foreign-state-debt-to-stand-at-21-of-gdp-in-2006-minfin/