Armenia’s 2025 public debt payments to exceed $2.4 billion; Minister plans dollar loan increase

YEREVAN, December 25. /ARKA/. According to the schedule for repaying the state debt in 2025, Armenia is set to repay approximately $1.6 billion in principal and around $780 million in interest payments, said Armenian Finance Minister Vahe Hovhannisyan.

He noted that the payments will be made through the issuance of new Eurobonds, budget support loans, and the issuance of new government bonds.

The minister also pointed out that in previous years, the government focused on dram-denominated loans, increasing their share to approximately 48% of the state debt.

“Next year, this share will slightly decrease depending on our need for cash. That is, based on our need for foreign currency, we decided that we will take on more debt in dollars than we did this year,” Hovhannisyan said at a press conference on Wednesday.

According to official statistics, Armenia’s total public debt as of October 31, 2024, amounted to $12.63 billion, an increase of $131.37 million compared to September 30, 2024. Of this, $6.28 billion is external debt (a decrease of $20.08 million over the month), while internal debt rose by $151.45 million to $6.36 billion in October.

spot_img

POPULAR

Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

The Central Bank of Armenia considers it important for commercial banks to exercise caution when providing new loans amid the outpacing growth of lending compared to revenues, stated Central Bank Chairman Martin Galstyan.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

Central Bank of Armenia expects inflation to return to the target level in the medium term

The Central Bank of Armenia expects inflation to return to the target level in the medium term, said Central Bank Chairman Martin Galstyan, answering a question from the ARKA news agency.

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

Unibank to Raise AMD 3.9 Billion Through a New Share Issue

Unibank has announced a new issue of common shares totaling AMD 3.9 billion. By September 9, 2026, the bank plans to place 10 million shares.

LATEST NEWS

spot_imgspot_imgspot_img