Announcement

Collapse
No announcement yet.

Armenia's Foreign Debt On Rise

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenia's Foreign Debt On Rise

    ARMENIA'S FOREIGN DEBT ON RISE

    Armenpress
    Oct 4, 2005

    YEREVAN, OCTOBER 4, ARMENPRESS: Armenia's foreign debt is expected
    to stand at $1.227 billion by the end of the year, deputy economy
    and finance minister Pavel Safarian said today.

    He said Armenia's next year's budget includes $107.9 million in
    credits, of which $95.202 million under government liabilities. The
    budget also foresees $50.2 million in re-payment of the debt. By the
    end of next year the overall foreign debt will increase further making
    $1.285 billion. In 2006 Armenia expects loans from International
    Development Agency, International Fund for Agricultural Development
    (IFAD), German KfW and the International Japanese Cooperation Bank.
Working...
X