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Armenia's Foreign Debt Rises To $1,266 Billion

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  • Armenia's Foreign Debt Rises To $1,266 Billion

    ARMENIA'S FOREIGN DEBT RISES TO $1.266 BILLION

    ARMENPRESS
    SEP 3, 2007

    YEREVAN, SEPTEMBER 3, ARMENPRESS: Armenia's foreign debt rose to $1.266
    billion as of June 30. According to Armenian Statistical Service,
    it grew 9.3 percent from a year ago.

    Armenia owes 72 percent of its debt, or nearly $910 million, to the
    World Bank. It rose 12 percent from a year ago.

    Another 12.4 percent or $157 million are owed to the International
    Monetary Fund (IMF), 4 percent or $51 million to the International
    Fund for Agricultural Development (IFAD).

    Armenia also owes $4.6 million (0.4%) and $ 2.9 million (0.2 %) to
    OPEC Foundation and European Bank for Reconstruction and Development
    (EBRD) respectively.

    Armenia owes $93 million (7.4 %) to Germany and $39.5 million (3.1%)
    to the USA.
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