Armenia’s foreign debt reaches $3.5bn
Armenia’s foreign debt reached $3.5 billion as of September 30, $200 million over the figure reported in January 2011, local website News.am reported referring to the country’s statistics body.
83 percent of Armenia’s foreign debt, or $2.9 billion, is owed by the government, and the remaining 17 percent ($586 million) – by the central bank.
The South Caucasus republic’s biggest lenders are the World Bank, which provided 37.8 percent of the owed funds, International Monetary Fund with 22.6 percent, Russia with 14.2 percent and Japan with 11.4 percent.
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