Armenia’s gross foreign debt increases by 5.9% or $391.5 million in quarter two

11.10.2011 18:16
Armenia’s gross foreign debt increases by 5.9% or $391.5 million in quarter two

YEREVAN, October 11. / ARKA /. Armenia’s gross foreign debt at the end of June increased by 5.9% or $391.5 million from late March to $6.965 billion, according to data, released by the National Statistical Service of Armenia.

It said 41.3% ($2.876.58 billion) of the gross foreign debt was owed by government agencies, 19.53% ($1.360.17 billion) by commercial banks, 10.29% ($716.59 million) was owed by financial and regulatory bodies.

Foreign direct investments brought to Armenia as loans by various organizations accounted for 12.2% ($850.05 million) of the gross external debt, and 16.68% or $1.161,48 billion was invested as loans by private sector.

As evidenced by the statistics, at the end of the quarter two 2011 Armenia’s gross foreign assets amounted to $4.615.66 billion, growing from quarter one of this year by $115.82 million. As a result net foreign debt increased during the reporting period by $275.68 million, reaching at the end of the second quarter $2.349.34 billion. -0-

Structure of Armenia’s gross foreign debt, foreign assets and net foreign debt (in mln USD)

Gross foreign debt Gross foreign assets Net foreign debt
31/03/2011 31/06/2011 31/03/2011 31/06/2011 31/03/2011 31/06/2011
1. public sector agencies 2815.48 2876.73 28.80 29.24 2786.68 2847.49
2. money and credit regulatory bodies 721.28 716.58 1837.26 1794.31 -1115.98 -1077.73
3. banks 1229.85 1360.17 548.93 566.57 680.92 793.60
4. other sectors 1129.76 1161.48 2075.36 2078.06 -945.59 -916.58
5. direct investments –inter-company loans 677.12 850.05 9.48 147.48 667.64 702.56
Gross foreign debt 6573.49 6965.00 4499.83 4615.66 2073.66 2349.34


Tags:

Partners news
Loading...

Related Posts