Sun, 9 February
-5.9 C
Yerevan
USD: 396.76 RUB: 4.10 EUR: 411.80 GEL: 141.91 GBP: 493.89
spot_img

Armenia to attract cheap funds through eurobonds if preferential lending not available

YEREVAN, May 16./ARKA/. By issuing foreign currency-denominated bonds Armenia will have an opportunity to attract some cheap funds amid the slash in preferential lending, Finance Minister David Sargsyan implies.

“Today, the international financial organizations stopped considering Armenia as a country with low income rather assessing it as a middle-income republic,” he said at the government session on Thursday.

It means, very soon the preferential lending will not be available to Armenia anymore. The Armenian government on Thursday approved the concept for issuing foreign currency-denominated bonds.

“Today we are taking a political decision, and for the first time we will start issuing foreign currency –denominated bonds. This will open a new page in the economic policy of Armenia not only in terms of public funds management, but will also provide the private sector with an opportunity to attract cheaper funds from international financial markets,” prime minister Tigran Sargsyan said.

According to official data, Armenia’s state debt stood as of March 31 at $4.205 billion, of which $3.597 billion were external debt.—0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Armenia to start providing loans of up to 15 billion drams for the creation of greenhouse farms

On Thursday, the Armenian government approved a program to stimulate the development of modern, technologically advanced large greenhouse farms.

LATEST NEWS

spot_imgspot_imgspot_img