ARMENIA’S FOREIGN DEBT RISES TO $1.266 BILLION

ARMENPRESS
SEP 3, 2007

YEREVAN, SEPTEMBER 3, ARMENPRESS: Armenia’s foreign debt rose to $1.266
billion as of June 30. According to Armenian Statistical Service,
it grew 9.3 percent from a year ago.

Armenia owes 72 percent of its debt, or nearly $910 million, to the
World Bank. It rose 12 percent from a year ago.

Another 12.4 percent or $157 million are owed to the International
Monetary Fund (IMF), 4 percent or $51 million to the International
Fund for Agricultural Development (IFAD).

Armenia also owes $4.6 million (0.4%) and $ 2.9 million (0.2 %) to
OPEC Foundation and European Bank for Reconstruction and Development
(EBRD) respectively.

Armenia owes $93 million (7.4 %) to Germany and $39.5 million (3.1%)
to the USA.