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Armenia's Foreign Debt Grows By $45 Mln In 1q07, To $2.1 Bln

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  • Armenia's Foreign Debt Grows By $45 Mln In 1q07, To $2.1 Bln

    ARMENIA'S FOREIGN DEBT GROWS BY $45 MLN IN 1Q07, TO $2.1 BLN

    RIA Novosti, Russia
    July 3 2007

    YEREVAN, July 3 (RIA Novosti) - Armenia's gross foreign debt grew
    by $45.2 million in the first three months of 2007, to $2.1 billion
    as of April 1, the national statistics service of the South Caucasus
    republic said Tuesday.

    The Armenian government's foreign debt stood at $1.0 billion, the
    private sector's foreign liabilities amounted to $367.5 million,
    monetary authorities owed $185.1 million and commercial banks $201.5
    million, while direct foreign investment in the form of loans totaled
    $292.1 million, the service said.

    Long-term liabilities accounted for 68.9% ($1.4 billion) of the
    republic's foreign bill.

    Armenia's gross foreign assets increased by $27.3 million in the
    reporting period to $1.4 billion as of April 1, the statistics
    service said.

    As a result, Armenia's net foreign debt grew by $72.5 million, to
    $718.4 million in the reporting period, the statistics service said.
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