YEREVAN, JUNE 21, ARMENPRESS: Armenia’s overall debt by the end of March was around 533 billion Drams, of which 52.3 billion was domestic debt and the rest, which in terms of US Dollars amounted to $1.110 billion, was foreign debt.
According to Armenian economy and finance ministry, the volume of foreign debt was down 3.8 percent form a year ago. Armenia owes the bulk of its foreign debt, almost 69 percent, or $764 million, to World Bank and 15.6 percent or $173 million to the International Monetary Fund (IMF).
Armenia has also borrowed from Germany-$72.2 million, $40 million from the USA, $41.1 million form the International Fund for Agricultural Development (IFAD). It owes also to EBRD, France and some other organizations.
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