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Armenia's foreign debt totals over 1bn dollars

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  • Armenia's foreign debt totals over 1bn dollars

    Armenia's foreign debt totals over 1bn dollars

    Yerkir web site
    24 Sep 04

    YEREVAN

    As of 30 June 2004, Armenia's foreign debt totalled 1.07bn dollars, of
    which loans received under Armenia's state guarantee amounted to
    858.9m dollars (80.2 per cent). The Armenian Central Bank's foreign
    debt amounted to 211.4m dollars (19.8 per cent), Armenpress news
    agency reports.

    The Armenian Finance and Economy Ministry reports that Armenia's state
    debt has dropped by 0.8 per cent as against the same period in 2003
    and by 2.5 per cent as against 31 December 2003.

    As of 30 June 2004, 90.1 per cent of Armenia's foreign debt are loans
    from different creditors, and the remaining 9.9 per cent falls to the
    share of loans from double sources.

    [Passage omitted: minor details]
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