YEREVAN, September 1. / ARKA /. Armenia’s external public debt in the second quarter of 2014 decreased by 1.2 percent from the beginning of the year to $3.850.4 billion, according to the National Statistical Service (NSS).
According to NSS data, multilateral loans accounted for about 67.5% of the total debt or almost $2.6 billion. The bulk of the external public debt – about 41.5%, or about $1.6 billion – was owed to the World Bank, an increase of 0.8% from the beginning of the year.
Armenian government agencies owed also $24.7 million to EBRD, $41.1 million to the European Investment Bank, $67 million to the International Fund for Agricultural Development (IFAD), $35 million to OPEC, $251.6 million to the Asian Development Bank, $494.3 million to the IMF and $88.5 million to the European Union.
Armenia also owed $559 million in bilateral loans, an increase of 1.9%. The bulk- $299.2 million- was owed to the government of Japan, $222.5 million to Germany, $26.3 million to USA, $5.270 million to France and $5.6 million to Abu Dhabi Development Fund. Government agencies also owed $17.2 million to local commercial banks.
Another $673.5 million were generated by the first-ever sale of Armenian Eurobonds and $1.4 million by non-residents who bought government treasury bonds. At the end of August 2014 Armenia’s total public debt stood at $4.525 billion. -0-
