ACCORDING TO TIGRAN SARGSYAN, DANGER RELATED TO REPAYMENT OF FOREIGN DEBTS NOR PRIMARY FOR ARMENIAN GOVERNMENT
NOYAN TAPAN
DECEMBER 25, 2009
YEREVAN
YEREVAN, DECEMBER 25, NOYAN TAPAN. There are four scenarios of
further development of the global financial and economic crisis,
which include both a slow and continuous recovery to last about 10
years and a second wave of the crisis. Prime Minister Tigran Sargsyan
said at the December 25 press conference that Armenia must be prepared
for all the scenarios.
"We are entering the year 2010 with a balance of 80 billion
drams. We have 54 billion drams in the stabilization fund, besides,
we have pledges of 100 million dollars from international financial
organizations, and taken together, all this creates a serious basis
for withstanding new ordeals in 2010," the prime minister noted.
Speaking about the foreign debt of Armenia, he said that the danger
related to repayment of foreign debts is not primary for the Armenian
government. "At the moment the debt burden of our country is not high.
We have the opportunity to increase it, especially as we do it in
cooperation with international organizations," T. Sargsyan said.