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Armenian Foreign State Debt To Stand At 21% Of GDP In 2006 - MinFin

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  • Armenian Foreign State Debt To Stand At 21% Of GDP In 2006 - MinFin

    ARMENIAN FOREIGN STATE DEBT TO STAND AT 21% OF GDP IN 2006 - MINFIN

    Interfax, Russia
    Dec 11 2006

    YEREVAN. Dec 11 (Interfax) - Armenia's foreign state debt will stand at
    $1.261 billion at the end of 2006, or 21% of GDP, Arshaluis Markarian,
    head of foreign and domestic debt management at the Finance and
    Economics Ministry, told reporters on Monday.

    The government will have $1.095 billion of foreign state debt and the
    Central Bank of Armenia will have $166 million at the end of 2006,
    he said.

    This forecast is based on a rate of SDR1/$55, since most of Armenia's
    credit portfolio is in SDR, Markarian said.
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