International investors own 7-8% of Armenia’s dram-denominated government debt – Central Bank

YEREVAN, June 24. /ARКА/. Global institutional investors own approximately 7-8% of Armenia’s dram-denominated government debt, stated Central Bank Chairman Martin Galstyan.

“On the one hand, this means that we have achieved a certain level of attention from the international community, but on the other, it dictates certain rules of the game for us,” he said on Public Television.

According to Galstyan, macroeconomic stability remains one of Armenia’s key advantages, while the presence of international investors requires the country to maintain responsible macroeconomic policies.

Regarding opposition claims about the high level of government debt and potential difficulties servicing it, the Central Bank Governor noted that Armenia’s public debt is less than 50% of GDP.

According to Galstyan, the Ministry of Finance and the government are taking steps to reduce the budget deficit and lower the debt burden. “This will be an additional signal to investors that we are a very stable and predictable country from a fiscal perspective. I believe this is the right policy,” he concluded.

According to the Ministry of Finance, Armenia’s total public debt as of March 31, 2026, amounted to $14.77 billion, compared to $13.91 billion as of December 31, 2025. Within this public debt, government debt amounted to $14.68 billion, while community debt amounted to $8.18 million. The Central Bank of Armenia’s external debt as of the end of March 2026 amounted to $482.4 million.

As Armenian Finance Minister Vahe Hovhannisyan stated on June 16, the country plans to reduce public debt to below 45% of GDP in the coming years.

spot_img

POPULAR

Euro and US dollar exchange rates against the Armenian dram have declined, while the ruble has continued to rise: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 22, 2026, fell by 0.07 points compared to October 21, reaching 361.33 drams.

Credit investments by Armenian banks exceeded 9 trillion drams in the first 9 months

As of September 30, 2026, credit investments by Armenian banks reached 9.01 trillion drams.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

Two banks in Armenia accounted for half of the growth in the banking sector’s assets and loan portfolios in the third quarter

Ardshinbank and Ameriabank accounted for 50.30% of the net growth in assets and 51.58% of the net growth in loan portfolios among Armenian banks during the third quarter of 2026, according to an operational bulletin from the ARKA news agency.

Armenia’s Prime Minister Proposes Developing Stock Exchange Listings for the Country’s Mining Companies

Prime Minister of Armenia Nikol Pashinyan thinks that the mining sector should take the lead in developing institutions of public share ownership in the country, including through the listing of companies on stock exchanges.

LATEST NEWS

spot_imgspot_imgspot_img