Armenia’s foreign debt grows by 1.8% in quarter one to over $3.633 billion

11.06.2012 19:59
Armenia’s foreign debt grows by 1.8% in quarter one to over $3.633 billion

YEREVAN, June 11. /ARKA/.  Armenia’s foreign debt in the first quarter of 2012 increased by 1.8% (or $65.7 million) from the beginning of the year to $3.633.9 billion (1.419.5 trillion drams), according to the latest numbers released by the National Statistical Service.

Some 82.6% of the debt or $3.002.6 billion were owed by the government, which grew by 1.7% or $51.7 million from December 30, 2011. The Central Bank’s debt stood at $631.4 million having increased by 2.3% or $14 million. It made 17.4% of the total debt. Some 70.4% of the debt or $2.557.2 million were owed to international lending institutions, which grew by 3.3% percent from December 30, 2011. Armenia’s debt to World Bank stood at $1.355.2 billion or 37.3% of the total debt. It grew by 1.4% from the previous quarter.

Armenia owed also $834.9 million to the International Monetary Fund (IMF), which made 23.0% of the overall foreign debt. Compared to the beginning of the year the figure represented a 0.9% rise.
Armenia owed also $167.8 million to the Asian Development Bank, slightly up from $165.3 million in the beginning of the year.

Armenia’s debt to the International Fund for Agricultural Development (IFAD) rose to $66.9 million from $66.3 million and its debt to OPEC Development Fund dropped by 1.2% to $28 million.
Armenia also owed $500 million to Russia and $397.2 million to Japan. The debt to Russia did not change while the debt to Japan decreased by 6.2%. Armenia owed also $164.1 million to Germany. This debt increased by 5.8%, while the debt to USA fell by 3.8% to $29.9 million. Armenia’s debt to France grew from $4 million to $4.1 million.  ($1 – 412.75 drams).  -0-


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