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    Emil Lazarian
  • 15 years ago
    • Categories: News

Armenia’s Foreign Debt To Reach 36 Per Cent Of GDP By Late 2009

ARMENIA’S FOREIGN DEBT TO REACH 36 PER CENT OF GDP BY LATE 2009

PanARMENIAN.Net
20.01.2010 18:41 GMT+04:00

/PanARMENIAN.Net/ Armenia’s foreign debt will reach 36 per cent of
GDP in 2009, against 13.2 per cent in 2008. According to the annual
report of the Armenia’s finance ministry, presented by the minister
of finance Tigran Davtyan , more than a half of the foreign debt is
formed from loans granted for a 35-40 year-period with 7 to 10 years
grace period. The weighted average annual interest rate of confessional
loans reached 0.8 per cent.

The national debt will amount to AMD 140.6 billion or 4.5 per cent
relative to GDP at the end of 2009.

In 2009, government bonds were in circulation 1,391 days on average,
compared to 1,535 days in the previous year.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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