Armenia’s Foreign Debt Exceeds $1Billion

YEREVAN (Armenpress)–According to the World Bank and International Monetary Fund–this year Armenia’s foreign debt is expected to exceed $1billion–while incremental increased are forecast for 2003 and 2004.

According to the World Bank Armenia’s Strategic Assistance Program–Armenia’s debt should be controllable together with the further improvement of export conditions.

Nevertheless–the World Bank is still undecided about the release of an International Bank of Re-construction and Development loan for implementation of the aforementioned program.


Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.