ARMENIA’S FOREIGN DEBT WILL GROW: IMF

news.am
April 9 2010
Armenia

International Monetary Fund (IMF) office in Armenia will shortly
publish a report with forecasts for 2010 – Armenia will register
an economic upturn of 1.8% and inflation of 6.2%, IMF resident
representative in Armenia Guillermo Tolosa told journalists today,
April 9.

As for the foreign debt of the country, he reckons that it increased
dramatically and will grow in the years to come. According to him,
starting 2012 the net foreign debt starts to decrease. Nonetheless,
Tolosa said that the national debt will be stable if he noted terms
are followed.

Commenting on the economic growth of 1.8%, the financier emphasized
that the forecast was made this February and the new one is pending
in May, which is likely to be different considering the changes on
global economy.