Armenian government’s external debt up 5.5 percent in 9 months

04.12.2017 15:34
Armenian government’s external debt up 5.5 percent in 9 months

YEREVAN, December 4. /ARKA/. Armenian government’s aggregate external debt stood at $5.067.8 billion at the end of September, an increase of 5.5%, when compared to the beginning of the year, according to the numbers, released by the National Statistical Service (NSS).

The bulk of the debt were multilateral loans which at the end of the reporting period of time amounted to $3.418.3 billion, an increase of 5.6% compared to the beginning of the year. Some 35% of that amount, $1.791.1 billion, (an increase of 2.9% from the beginning of the year), was owed to the World Bank.
Of that amount $1.131.6 billion were owed to the International Development Agency (IDA), and another $659.5 million were owed to the International Bank for Reconstruction and Development (IBRD).

Armenia's debt to the European Bank for Development and Reconstruction (EBRD) stood at $23.3 million; the debt to the European Investment Bank (EIB) – at $221.3 million, the debt to the International Fund for Agricultural Development (IFAD) was worth $6.5 million, the debt to OPEC was $57.6 million.
The Armenian government also owed $550.9 million to the Asian Development Bank (ADB), $425.5 million to the International Monetary Fund (IMF), $76.7 million to the European Union and $205 million to the Eurasian Stabilization and Development Fund of the Eurasian Development Bank.

The Armenian government also owed $238.7 million to Japan International Cooperation Agency (JICA), $233.6 million to German KFW bank, $20 million to the US, $111.9 million to France, $96.3 million to Russia, $6.2 million to the Abu Dhabi Development Fund and $23.4 million to the China Export-Import Bank.

The government also owed $24.5 million to several foreign commercial banks, an increase of 9.2%. It also owed $873.4 million to non-resident holders of Eurobonds, a 3.4% decrease, and about $16.4 million to nonresident holders of bonds in Armenian drams.

According to the National Statistical Service, the aggregate state debt of Armenia as of the end of September 2017 was $6.307.9 billion, having increased by 6.1% since the beginning of the year. -0-


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