NET FOREIGN DEBT OF ARMENIA DECLINES BY 36.4 MILLION DOLLARS TO 707.16 MILLION DOLLARS IN SECOND QUARTER OF 2007
Author: Editor: Eghian Robert

Noyan Tapan News Agency, Armenia
Oct 5 2007

YEREVAN, OCTOBER 5, NOYAN TAPAN. The gross foreign debt of Armenia
made 2 bln 261.26 mln USD in late June 2007, growing by 149.8 mln
USD as compared with the index of late March 2007.

According to the RA National Statistical Service, 48.08% of
gross foreign debt formed in the state governance system, 19.65%
– in the private sector, 8.02% – in monetary and credit regulation
bodies, 11.62% – in commercial banks, and 12.64% were foreign direct
investments in the form of interfirm credits received by organizations
in verious sectors of economy.

Gross foreign assets of Armenia made 1 bln 554.10 mln USD in late
June 2007, growing by 186.20 mln USD in the second quarter of 2007.

As a result, Armenia’s net foreign debt declined by 36.4 mln USD to
707.16 mln USD.