Armenia’s Net Foreign Debt Makes 662.45 Million Dollars, Foreign Deb

ARMENIA’S NET FOREIGN DEBT MAKES 662.45 MILLION DOLLARS, FOREIGN DEBT/GDP RATIO – ABOUT 10.3% IN LATE 2006

Noyan Tapan
Apr 05 2007

YEREVAN, APRIL 5, NOYAN TAPAN. At the end of December, 2006, the gross
foreign debt of Armenia made 2 bln 52.67 mln USD, exceeding by 192.49
mln USD the index of late December 2005.

According to the RA National Statistical Service, 49.8% of the gross
foreign debt formed in the state governance system, 19% – in the
private sector, 9% – in the monetary credit regulation bodies, 10.3%
– in commercial banks, and 11.9% is direct foreign investments made
by organizations engaged in various sectors of economy – in the form
of inter-firm credits.

In late December 2006, the gross foreign assets of Armenia made 1 bln
390.22 mln USD, growing by 307.06 mln USD on late December 2005. As
a result, the net foreign debt of Armenia declined by 114.57 mln USD,
making 662.45 mln USD.

The ratio of this index to 2006’s GDP made about 10.3%.