Armenia’s Foreign Debt Estimated at $600 Million

YEREVAN (Hayastani Hanrapetutiun)–Armenia’s Socio-Economic Development Program will be published in September.

The Department for Administration of State Debts of the Ministry for Finance and Economy reported that the document will include an analysis of the social-economic situation in the country for this year–information about received loans–socio-economic development program for 1998– development perspectives until the year 2001.

Currently–Armenia’s foreign debt for loans– received from international financial institutions and donor countries (Germany–France–Netherlands–US–Russia–China,) already exceeded $600 million.

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