3 BILLION DRAMS FOR PAYING EXTERNAL DEBTS

Panorama.am
15:27 25/08/2008

Nearly 3 billion drams were assigned for paying external debts
during first seven months of 2008. According to the Ministry of
Finance, 2.3 milliard drams were assigned for debts on World Bank
support programs, 374.2 million drams were allocated to pay the US
commodity credits, 272.2 mln. drams were to disburse the debts for
International Agriculture fund programs and 17.1 mln. drams for AEP
"dry energy maintenance" France supported program debts.

Ministry of Finance also reports that from RA state budget was
made an assignment of 15.1 billion drams for NKR in January-July
period. This transfer has already excelled the previous year’s result
for 31.1%. Also 28.8 million drams came from external financial
sources giving credit to Georgia.