ARMENIAN GOVERNMENT ENGAGED IN RESTRUCTURING THE STATE DEBT

PanARMENIAN.Net
28.10.2009 17:12 GMT+04:00

/PanARMENIAN.Net/ The Armenian government is negotiating with
international agencies to restructure the public debt of the country,
Tigran Davtyan , minister of finance of Armenia told a press conference
on October 28.

"Armenia’s public debt almost doubled, but remains manageable, and
borrowed funds are sufficient for the current and the next years. Now
we have to think about restructuring of attracted credits," he said.

According to the finance minister, negotiations are held over
conditions of the borrowed loans with international financial
institutions, in particular, with WB and IMF.

"Despite the fact that loans were involved in good conditions, however,
we are working towards their restructuring in order to ease the burden
of the external debt," Tigran Davtyan said.