Armenia’s external public debt grew last year by 4.4 percent to $3.903.7 billion

Armenia’s external public debt grew last year by 4.4 percent to $3.903.7 billion

YEREVAN, March 3. / ARKA /. Armenia saw its external public debt to grow last year by 4.4 percent to $3.903.7 billion, according to the National Statistical Service. About 67.5 % or $2.636.9 billion were loans provided by international financial organizations. 

Of that amount about 60 % or $1.584.8 billion were owed to the World Bank, by 7.8% more form the year before.

Some $25.78 million were owed to the EBRD, $22 million - to the European Investment Bank, $66.5 million were owed to the International Fund for Agricultural Development (IFAD). Armenian government owed also $34.3 million to the OPEC Fund , $227.9 million to the Asian Development Bank,   $584.8 million to the IMF and  $89.6 million to the EU.

Loans provided by separate countries slashed last year by 49.5 percent to $548.4 million after Armenia repaid a $500 million Russian loan.

Armenia also owed $290.8 million to Japan,  $219.8 million to Germany, $27.5 million to the USA,  $5.2 million to France and $5.1 million to Abu Dhabi Development Fund. The government borrowed also last year $16.7 million from local commercial banks.

Another $700 million were generated by the first-ever sale of Armenian Eurobonds and $1.6 million by non-residents who bought government treasury bonds. At the end of December 2013 Armenia’s total debt stood at $4.588.4 billion. ($ 1 - 413.60 drams). -0-

17:35 03.03.2014

Comments (0)




 

« October 2014

Mon
Tue
Wed
Thu
Fri
Sat
Sun
 
 
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
 
 
Username:
Password:

Registration
If you are new on the site, please fill out the registration form.

Enter the website you can use your account on any of the following services.

×