{"id":46256,"date":"2013-01-11T15:11:16","date_gmt":"2013-01-11T15:11:16","guid":{"rendered":"https:\/\/armbanks.am\/2013\/01\/11\/237330\/"},"modified":"2024-12-15T13:01:52","modified_gmt":"2024-12-15T13:01:52","slug":"armenia-assessed-to-be-at-low-risk-of-debt-distress","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/01\/11\/46256\/","title":{"rendered":"Armenia assessed to be at low risk of debt distress"},"content":{"rendered":"<p><strong>YEREVAN, January 11. \/ARKA\/<\/strong>. According to the recent Bank-Fund Debt Sustainability Assessment (DSA), Armenia is assessed to be at a low risk of debt distress, with all debt indicators (total debt to GDP, debt service to export, debt service to budget revenues) below the country-specific thresholds under the baseline scenario, Jean-Michel Happi, the World Bank\u2019s Country Manager for Armenia, said in an interview with ARKA News Agency.<\/p>\n<p>\u201cArmenia\u2019s public sector debt profile is not risky and is projected to remain sustainable,\u201d he said adding that this has been largely supported by the strict measures introduced by the government after the recent crisis &#8211; monitoring of the external debt and downsizing the budget deficit through consolidation of public spending.<\/p>\n<p>\u201cIn practice the government declared moratorium on borrowing for technical assistance and on non-concessional terms and implemented more disciplined fiscal policy,\u201d he said stressing that this policy will need to be pursued over the medium-term future as well given current uncertainties in the Eurozone area and possible external shocks to Armenia, the necessity to create additional macroeconomic buffers, and limited availability of concessional financing.<br \/>\nAccording to the Armenian finance ministry, the country\u2019s state debt amounted to $4 billion 374.9 million in late 2012.<\/p>\n<p>Its foreign debt amounted to $3 billion 159 million (31.1% of GDP) against $2 billion 950 million in 2011. -0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the recent Bank-Fund Debt Sustainability Assessment (DSA), Armenia is assessed to be at a low risk of debt distress<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216,314],"tags":[15837,12172,12183,315],"class_list":{"0":"post-46256","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"category-314","9":"tag-armenia-2","10":"tag-economy-en","11":"tag-world-bank","12":"tag-315"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/46256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=46256"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/46256\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=46256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=46256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=46256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}