13.01.2011 17:34
YEREVAN, January 13. / ARKA /. Armenia’s government foreign debt will grow to $3.8 billion by the end of 2011 from current $3.38 billion, according to Gagik Minasian, chairman of a parliament committee on financial-credit and budget affairs.
Speaking at a news conference today he said the figure includes loans attracted from international lending organizations to back implementation of projects designed by the government for this year. As a result foreign debt to GDP ratio will be about 42%, he said, adding that the authorities will do everything possible to cut the ratio and bring it down to before-the-crisis level.
He also said a fresh $25 million loan for Armenia approved January 11 by
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