Tue, 30 September
13.1 C
Yerevan
USD: 382.75 RUB: 4.63 EUR: 448.54 GEL: 141.34 GBP: 513.96

Armenia’s foreign debt grows by 77.5% to $2.720.9 billion

YEREVAN, December 3, /ARKA/. Armenia’s foreign debt in January-September, 2009 grew by 77.5% or $1.190 billion from a year before to $2.720.9 billion, the National Statistical Service reported.

Some 83% of the debt or $2.282.5 billion was the government’s debt which grew by 67.3% or $918.1 million year-on-year. Central Bank of Armenia’s debt grew by 168.5% of $272.9 million to $434.8 million (16% of the overall debt).

The bulk of its foreign debt-65.5% ($1.781,4 billion) Armenia owes to international lending organizations. It grew by 43.9% from a year before. Armenia owes $1.120.2 billion (63%) to World Bank. It grew by 10.4%. Armenia’s debt to IMF rose by 271.5% to $546 million.

Armenia also owes $61.3 million to the International Fund for Agricultural Development (IFAD), $21,4 to OPEC.

Armenia’s debt to Germany stood at $143.9 million, rising by 19.6% from a year before. The debt to the USA dropped by 7.2% to $34.6 million, that to France fell from $4,94 million to $4.93 million, while the debt to Japan grew from $130.1 million to $256 million. Armenia’s debt to Russia stood at $500 million. ($1 – 385.6 Drams). M.M. -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img