Armenia’s Foreign Debt Amounts to $839 Million

YEREVAN (Noyan Tapan)–Armenia’s foreign debt amounted to $839 million by the end of the first half of 2001. The multilateral debt (debts to international organizations)–reached $480.9 million–which includ debts to the World Bank totalling $410.07 million–to the European Bank for Reconstruction and Development $33.05 million–to the European Union $19.5 million and to the International Fund for Agricultural Development $18.3 million.

The bilateral debt (debts to individual countries)–amounted to $181.4 million. Armenia’s debt to Russia is $96.5 million–to the United States $61.73 million–to Turkmen’stan $1.85 million–to Germany $8.6 million–to France $2.25 million–and to the Japanese OESF organization $468,000.

The debt of the Central Bank of Armenia to the International Monetary Fund is $176.7 million.

During the first half of 2001–$34.2 million was allocated to pay the foreign debt–including $6.266 million for the multilateral debt–$23.172 million for the bilateral debt–and $4.768 million for the Central Bank’s debt to the International Monetary Fund–and it also paid an accrued interest of $12.277.

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