YEREVAN, October 11. / ARKA /. Armenia’s gross foreign debt at the end of June increased by 5.9% or $391.5 million from late March to $6.965 billion, according to data, released by the National Statistical Service of Armenia.
It said 41.3% ($2.876.58 billion) of the gross foreign debt was owed by government agencies, 19.53% ($1.360.17 billion) by commercial banks, 10.29% ($716.59 million) was owed by financial and regulatory bodies.
Foreign direct investments brought to Armenia as loans by various organizations accounted for 12.2% ($850.05 million) of the gross external debt, and 16.68% or $1.161,48 billion was invested as loans by private sector.
As evidenced by the statistics, at the end of the quarter two 2011 Armenia’s gross foreign assets amounted to $4.615.66 billion, growing from quarter one of this year by $115.82 million. As a result net foreign debt increased during the reporting period by $275.68 million, reaching at the end of the second quarter $2.349.34 billion. -0-
Structure of Armenia’s gross foreign debt, foreign assets and net foreign debt (in mln USD)
| Gross foreign debt | Gross foreign assets | Net foreign debt | ||||
| 31/03/2011 | 31/06/2011 | 31/03/2011 | 31/06/2011 | 31/03/2011 | 31/06/2011 | |
| 1. public sector agencies | 2815.48 | 2876.73 | 28.80 | 29.24 | 2786.68 | 2847.49 |
| 2. money and credit regulatory bodies | 721.28 | 716.58 | 1837.26 | 1794.31 | -1115.98 | -1077.73 |
| 3. banks | 1229.85 | 1360.17 | 548.93 | 566.57 | 680.92 | 793.60 |
| 4. other sectors | 1129.76 | 1161.48 | 2075.36 | 2078.06 | -945.59 | -916.58 |
| 5. direct investments –inter-company loans | 677.12 | 850.05 | 9.48 | 147.48 | 667.64 | 702.56 |
| Gross foreign debt | 6573.49 | 6965.00 | 4499.83 | 4615.66 | 2073.66 | 2349.34 |
