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Financial Services Monitor Worldwide
November 28, 2014 Friday
Armenia's external public debt drops by 4.5 percent in third quarter
to $3.723.5 billion
Armenia's gross external public debt dropped by 4.5 percent in the
third quarter of 2014 from the beginning of the year to $3.723.5
billion, according to the latest numbers released today by the
National Statistical Service.
According to the official data, about 67.5%, or $ 2.512.1 billion of
the external debt were multilateral loans, the bulk of which - about
41.6%, or $1.547.8 billion- were owed to the World Bank. That
represented a decrease of 2.3% when compared to the beginning of the
year.
Some $23 million were owed by the government to the European Bank for
Reconstruction and Development (EBRD), $38.3 million to the European
Investment Bank, $64.9 million to the International Fund for
Agricultural Development (IFAD), $34.3 million were owed to OPEC,
$263.2 million to the Asian Development Bank (ADB), $458 million to
IMF and $82.4 million of the debt were loans provided by the European
Union.
Bilateral loans stood at $529 million, a decrease of 3.5% from the
beginning of the year. The major portion - $275.9 million were owed to
Japanese International Corporation Agency (JICA), $216.9 million to
German KFW, $25.7 million to the USA, $5.1 million to France and $5.6
million to Abu Dhabi Development Fund.
Also $16.4 million of the external debt were loans provided to Armenia
by commercial banks, a decline of 1.7%.
Armenia's external debt, generated by sale of Eurobonds to
non-residents stood at $664.2 million, while the debt generated by
sale of government bonds to non-residents stood at about $1.4 million.
At the end of October 2014 Armenia's total public debt was worth
$4.464.7 billion. 2014 Global Data Point.
November 28, 2014 Friday
Armenia's external public debt drops by 4.5 percent in third quarter
to $3.723.5 billion
Armenia's gross external public debt dropped by 4.5 percent in the
third quarter of 2014 from the beginning of the year to $3.723.5
billion, according to the latest numbers released today by the
National Statistical Service.
According to the official data, about 67.5%, or $ 2.512.1 billion of
the external debt were multilateral loans, the bulk of which - about
41.6%, or $1.547.8 billion- were owed to the World Bank. That
represented a decrease of 2.3% when compared to the beginning of the
year.
Some $23 million were owed by the government to the European Bank for
Reconstruction and Development (EBRD), $38.3 million to the European
Investment Bank, $64.9 million to the International Fund for
Agricultural Development (IFAD), $34.3 million were owed to OPEC,
$263.2 million to the Asian Development Bank (ADB), $458 million to
IMF and $82.4 million of the debt were loans provided by the European
Union.
Bilateral loans stood at $529 million, a decrease of 3.5% from the
beginning of the year. The major portion - $275.9 million were owed to
Japanese International Corporation Agency (JICA), $216.9 million to
German KFW, $25.7 million to the USA, $5.1 million to France and $5.6
million to Abu Dhabi Development Fund.
Also $16.4 million of the external debt were loans provided to Armenia
by commercial banks, a decline of 1.7%.
Armenia's external debt, generated by sale of Eurobonds to
non-residents stood at $664.2 million, while the debt generated by
sale of government bonds to non-residents stood at about $1.4 million.
At the end of October 2014 Armenia's total public debt was worth
$4.464.7 billion. 2014 Global Data Point.