Armenia’s negative international investment position in the second quarter of 2012 grew by 2.4 percent to $7.049 billion

YEREVAN, October 22. / ARKA /. Armenia’s international investment position (IIP) increased by $142.54 million (in absolute value), or by 2% to minus $7. 094.9 million in late June from late March, according to the National Statistical Service of Armenia. It said Armenia’s external assets amounted to $4. 638.98 billion, an increase of $32.86 million or 0.7%.

The liabilities during the reporting period increased by 1.5% or $175.4 million to $11.733.97 billion. Of them $5.150.12 billion were direct investments in the domestic economy (up by 0.7% ), $16.8 million were portfolio investment (down 10.2%) and $ 6.567.05 billion were other investments (commercial loans), which increased by 2.2%.

The International Investment Position (IIP) is a statistical report reflecting the financial assets and liabilities level of a country at beginning and end of a period. At the same time the report represents all the changes occurred due to financial transactions, prices, exchange rate and other adjustments in the reference period. There are also other factors (price changes, exchange rate changes), which bring to changes in value of assets and liabilities over the period. These changes are also reflected in IIP. IIP reflects the stocks of foreign financial assets and liabilities of economy. -0-