ARMENIA'S NET FOREIGN DEBT MAKES 662.45 MILLION DOLLARS,
FOREIGN DEBT/GDP RATIO - ABOUT 10.3% IN LATE 2006
05-04-2007 22:30:00 | Armenia | Economy
YEREVAN, APRIL 5, NOYAN TAPAN. At the end of December,
2006, the gross foreign debt of Armenia made 2 bln 52.67 mln
USD, exceeding by 192.49 mln USD the index of late December
2005.
According to the RA National Statistical Service, 49.8% of
the gross foreign debt formed in the state governance system,
19% - in the private sector, 9% - in the monetary credit
regulation bodies, 10.3% - in commercial banks, and 11.9% is
direct foreign investments made by organizations engaged in
various sectors of economy - in the form of inter-firm credits.
In late December 2006, the gross foreign assets of Armenia
made 1 bln 390.22 mln USD, growing by 307.06 mln USD on late
December 2005. As a result, the net foreign debt of Armenia
declined by 114.57 mln USD, making 662.45 mln USD. The ratio of
this index to 2006's GDP made about 10.3%.