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Armenia's Gross External Debt Put At $7.7 Billion

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  • Armenia's Gross External Debt Put At $7.7 Billion

    ARMENIA'S GROSS EXTERNAL DEBT PUT AT $7.7 BILLION

    http://www.armenianow.com/economy/47321/armenia_foreign_debt_statistics
    ECONOMY | 01.07.13 | 10:38

    Armenia's gross external debt put at $7.7 billion

    NAZIK ARMENAKYAN
    ArmeniaNow

    The gross external debt of Armenia as of March 2013 made over $7.726
    billion, increasing by nearly $95.8 million over the same period
    last year.

    The National Statistical Service of Armenia reports that nearly
    40 percent of the gross external debt originated within the state
    government system, more than 14 percent in the private sector, almost
    9 percent in monetary regulation bodies and more than 25 percent in
    commercial banks. It says that almost 12 percent of the gross external
    debt is due to direct foreign investments received by organizations
    in various economic fields and intercompany loans, reports Panorama.am.

    As of late March 2013, Armenia's gross external assets made more
    than $4.817 million, decreasing by about $22.6 million in the first
    quarter of the year. As a result, Armenia's net foreign debt in Q1
    of 2013 grew by over $118.4 million, totaling $2,909,490.

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