Armenian government’s external debt grew by 14.3% in 2017 to about $5.5 billion

02.03.2018 18:19
Armenian government’s external debt grew by 14.3% in 2017 to about $5.5 billion

YEREVAN, March 2. /ARKA/. In Late December 2017 Armenia’s overall external public debt stood at $5.494.9 billion, an increase of 14.3% or $696.6 million from the previous year, according to the numbers, released by the National Statistical Service.

Armenia’s debt to the World Bank stood at $1.807.9 billion, an increase of 3.8% from 2016, accounting for 33% of the total external debt of the government. The debt to the International Development Agency (IDA) stood at $1.131.7 billion, and the debt to the International Bank for Reconstruction and Development (IBRD) – at $676.1 million.

Armenia's debt to the EBRD stood at $23.6 million; the debt to the European Investment Bank – at $237 million, the debt to the International Fund for Agricultural Development – at $66.4 million, the debt to OPEC – at $57.5 million, the debt to the Asian Development Bank – at $659.2 million, the debt to the IMF – at $404.2 million, the debt to the EU – at $77.8 million and the debt to the Eurasian Stabilization and Development Fund – at $305.2 million.

The Armenian government also owed $295.9 million to Germany, $252.6 million to Russia, $238.4 million to Japan International Cooperation Agency (JICA), $122 million to France, $20 million to the US, $5.9 million to the Abu Dhabi Development Foundation and $23.7 million to the Export-Import Bank of China.

The government also owed $24.5 million to foreign commercial banks (an increase of 9.5%).
The government also owed $844.9 million to non-resident holders of Armenian government Eurobonds (a decrease of 6.6%), and about $19.9 million to non-resident holders of government bonds in drams.
According to the National Statistical Service, Armenia's aggregate state debt at the end of 2017 stood at $6.774.6 billion, an increase of 14.1%. -0-


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