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IMF: Tightening of financial conditions may drive up financing costs for rolling over Armenia’s debt on foreign markets

13.12.2018 14:47

IMF: Tightening of financial conditions may drive up financing costs for rolling over Armenia’s debt on foreign markets

YEREVAN, December 13. /ARKA/. There are risks that further tightening of financial conditions or higher risk aversion may lead to higher financing costs for rolling over Armenia’s debt on foreign markets, Yulia Ustyugova, IMF Resident Representative in Armenia, said in an interview with ARKA News Agency.

In its latest review, Moody’s said that Armenia would face Eurobonds financing risks.

In particular, the Eurobonds worth USD 500 million have to be repaid in September 2020.

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