Tigran Jrbashyan: Armenia’s creditworthiness quite high
26.09.2009 17:48 GMT+04:00

/PanARMENIAN.Net/
The funds Armenia borrowed from external sources to overcome the
consequences of the crisis are insufficient, Tigran Jrbashyan,
director in development of Ameriabank told a PanARMENIAN.Net reporter.

"Attracted external resources are not sufficient, we are able to
attract more," he said. The money must be attracted for development
projects.

According to Tigran Jrbashyan, Armenia’s state debt by the end of 2009
will reach 42-43 per cent of GDP, it will not surpass the allowable
level of 50-60 per cent to GDP. However, the terms of the debt are
unique in Armenia".

"All our debts are multilateral, with a great maturity period and low
interest rates," he said.

The creditworthiness of Armenia is quite high, necessary funds to
finance reforms aimed at economic development of the country can be
attracted, Tigran Jrbashyan said.

From: Emil Lazarian | Ararat NewsPress