Armenia’s foreign debt totals over 1bn dollars

Yerkir web site
24 Sep 04

YEREVAN

As of 30 June 2004, Armenia’s foreign debt totalled 1.07bn dollars, of
which loans received under Armenia’s state guarantee amounted to
858.9m dollars (80.2 per cent). The Armenian Central Bank’s foreign
debt amounted to 211.4m dollars (19.8 per cent), Armenpress news
agency reports.

The Armenian Finance and Economy Ministry reports that Armenia’s state
debt has dropped by 0.8 per cent as against the same period in 2003
and by 2.5 per cent as against 31 December 2003.

As of 30 June 2004, 90.1 per cent of Armenia’s foreign debt are loans
from different creditors, and the remaining 9.9 per cent falls to the
share of loans from double sources.

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