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

11.10.2011 18:16

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