Finance Minister says Armenia’s national debt totals USD 4 bln

Finance Minister says Armenia’s national debt totals USD 4 bln

PanARMENIAN.Net - Armenia’s national dept currently grosses about USD 4 bln, Finance Minister said.

“The internal debt totals approximately half a billion, with the foreign debt making up about 3,4 bln,” Vache Gabrielyan said.

Today, on August 7, RA Finance Minister Vache Gabrielyan and head of European Investment Bank’s division for lending operations for East and Central Asia Heinz Olbers signed loan agreements, envisaging allocation of euro 6,5 million and 30,316 million for Armenian small community water programs and modernization of Bagratashen, Bavra and Gogavan check points respectively.

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"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
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