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Armenia's foreign debt drops to 14.8% of GDP in 2007

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  • Armenia's foreign debt drops to 14.8% of GDP in 2007

    Russia & CIS Business and Financial Newswire
    January 25, 2008 Friday 9:57 AM MSK


    Armenia's foreign debt drops to 14.8% of GDP in 2007

    YEREVAN Jan 25


    Armenia's foreign state debt stood at $1.36 billion, or 14.8% of GDP
    at the end of 2007, Finance and Economics Minister Vardan Khachatrian
    said at a press conference on Thursday.

    The country's foreign state debt amounted to $1.2 billion, or 18.9%
    of GDP at the end of 2006.

    Armenia remains a country with a low foreign debt level, Khachatrian
    said.
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