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Armenia's state debt totals 1.25bn dollars

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  • Armenia's state debt totals 1.25bn dollars

    Armenia's state debt totals 1.25bn dollars

    Mediamax news agency
    9 Sep 05

    YEREVAN

    As of 9 September, Armenia's state debt totalled 1.25bn dollars or
    552.9bn drams.

    The foreign debt accounts for 89 per cent of the overall volume of
    state debts - 1,114.5m dollars (493bn drams), the head of staff at the
    Armenian Ministry of Finance and Economy, Ruben Gevorkyan, has said in
    an interview with Mediamax news agency. Most of Armenia's foreign debt
    falls to the World Bank - 67.4 per cent and the International Monetary
    Fund - 17.3 per cent.

    [Passage omitted: Other details]
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