YEREVAN. November 14. /ARKA/. Armenia’s national debt is below high risk level, head of the World Bank Armenian office Laura E. Bailey told a press conference on Thursday.

She said the foreign debt indicator should be compared with the general economic situation in the country. Together with the IMF, they monitor this indicator for Armenia regularly, and they believe the country’s national debt status is quite balanced, she said.

According to Bailey the country should be careful with its decisions about new loans amid economic growth slowdown due to global trends.

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Armenia has maintained its status of a country with low debt burden and not a risky state in terms of servicing, Armenian deputy minister of finance and head of treasury Atom Janjughazyan said in responding the questions of parliament deputies on Tuesday

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Armenia’s external public debt in the first quarter of 2014 was 0.8 percent down from the same time span in 2013 to $3.867.1 billion, the National Statistical Service (NSS) said today

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Armenian government’s external debt in the first half of 2013 decreased by 4.5 % to $3.713.5 billion, according to a Central Bank report on financial stability

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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

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The foreign debt of Armenia’s commercial banks and credit organizations rose 1.9% to $1.06 billion in the third quarter against $1.04 billion from a quarter earlier

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At the end of July Armenia’s total public debt stood at $4.252 billion, Armenia’s chief treasurer

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Armenia’s government will have to put aside $270 million next year to pay off its foreign debt

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Stress tests show that Armenia will not have problems with serving the public debt

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Domestic state debt of Armenia as of November 30, 2011 was 207.7 billion drams increased by 2.7% compared to October, the site of Armenian Finance Ministry states.

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