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ARMENIA'S DEBT SERVICE COVERAGE TO COMPRISE $123 MILLION IN 2010
PanARMENIAN.Net
10.11.2009 14:07 GMT+04:00
/PanARMENIAN.Net/ Armenia's 2010 state debt service coverage will
comprise $123 million, Gagik Minasyan, Chair of NA Committee on
Financial-Budgetary Affairs, told today a news conference in Yerevan.
At that he noted that Armenian government has attracted enough credits
for mitigating crisis impact and reducing social expenditures.
"Armenia is not a special country in that regard since the method is
used by many other countries," he said. In that context, Minasyan
brought the example of Russia, the world's biggest energy bearer,
which managed to accumulate a reserve fund in 2009 and use its lion's
share by 2010.
Along with other countries, Armenia is conducting talks
with international organizations over restructuring the credits
attracted, Minasyan added. "Negotiations with international financial
organizations are already under way, and that will alleviate the
country's burden in terms of paying off state debts," Chair of
parliamentary committee said.
PanARMENIAN.Net
10.11.2009 14:07 GMT+04:00
/PanARMENIAN.Net/ Armenia's 2010 state debt service coverage will
comprise $123 million, Gagik Minasyan, Chair of NA Committee on
Financial-Budgetary Affairs, told today a news conference in Yerevan.
At that he noted that Armenian government has attracted enough credits
for mitigating crisis impact and reducing social expenditures.
"Armenia is not a special country in that regard since the method is
used by many other countries," he said. In that context, Minasyan
brought the example of Russia, the world's biggest energy bearer,
which managed to accumulate a reserve fund in 2009 and use its lion's
share by 2010.
Along with other countries, Armenia is conducting talks
with international organizations over restructuring the credits
attracted, Minasyan added. "Negotiations with international financial
organizations are already under way, and that will alleviate the
country's burden in terms of paying off state debts," Chair of
parliamentary committee said.