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Armenia's external debt manageable - Finance Ministry

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  • Armenia's external debt manageable - Finance Ministry

    Armenia's external debt manageable - Finance Ministry

    news.am
    August 22, 2012 | 18:10

    YEREVAN.- Armenia's external debt level remains manageable, Deputy
    Finance Minister Vardan Aramyan told reporters on Wednesday.

    He recalled that the public debt makes about $3.6 billion, of which
    external is about 3.1 billion. In addition, debt service in 2012 will
    make $270 million.

    `External debt is fully manageable. In the medium term, the government
    envisages a number of loan agreements but their volume will meet
    solvency norms,' he assured.

    According to the Central Bank of Armenia (CBA), in late 2011 Armenian
    government's external debt made 2955 million, the debt of CBA - 754
    million

    The IMF report as of June 2012 said Armenia's external debt will reach
    36.9% of GDP by the end of this year and in the period of 2013-2015 -
    35%, 33% a

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