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  • Archive for January 11th, 2013

    Armenia owes $1.2 billion to World Bank

    Friday, January 11th, 2013

    Armenia’s outstanding debt to the World Bank is $1.2 billion which accounts for 32 percent of the country’s total external debt, Jean-Michel Happi, the World Bank’s Country Manager for Armenia

    Armenia assessed to be at low risk of debt distress

    Friday, January 11th, 2013

    According to the recent Bank-Fund Debt Sustainability Assessment (DSA), Armenia is assessed to be at a low risk of debt distress

    World Bank plans to provide about $150 million to Armenia in 2014-2017

    Friday, January 11th, 2013

    The World Bank may provide $150 million to Armenia within the Country Partnership Strategy 2014-17 cycle, Jean-Michel Happi, the World Bank’s Country Manager for Armenia, said in an interview with ARKA News Agency

    Anelik Bank allocated student loans to about 700 students

    Friday, January 11th, 2013

    Armenia’s Anelik Bank has distributed student loans to nearly 700 students since 2011, the bank said Friday

    Moody’s downgrades Cyprus by three notches

    Friday, January 11th, 2013

    Moody’s downgraded Cyprus’s government bond rating Thursday by three notches from B3 to Caa3, citing the anticipated increase in the government’s debt burden, The Economic Times reported referring to the agency’s statement