ARMENIAN NATIONAL DEBT IS STABLE: IMF
news.am
Feb 17 2010
Armenia
Foreign debt size of Armenia is not very high, declared head of IMF
mission to Armenia Mark Louis at the press conference in Yerevan.
He offered Armenian authorities to obtain soft loans and select
programs that will yield profit and provide efficient spending of
credit funds. "If this is not ensured, Armenia’s state debt will
increase," he stated.
Commenting on the fact that since 2013 servicing of Armenia’s public
debt will cost 20% of budget ($480m), Louis said: "Indeed, state
of Armenia’s foreign debt is stable. Speaking of banking system in
the country, banker outlined that is viable, strong and was managed
accordingly in a complex 2009 year.