Guest Posted February 14, 2001 Report Share Posted February 14, 2001 ARMENIA PAYS ITS EXTERNAL DEBT IN DUE TIME YEREVAN, FEBRUARY 13, ARMENPRESS: As for January 1 Armenia's total external debt was $838.9 million, of which $664.9 million was the state debt and $174 million of the Central Bank. Armenia first started receiving international loans in 1992 and began repaying its external debt in 1996. According to Armenian finance and economy ministry, until now Armenia has been paying its debt according to the time-table. In terms of paying back loans the most difficult year was 1998, when Armenia had to pay back a total of $70.95 million, the most easy one was last year when Armenia was to repay only $7.6 million. This year Armenia will have to repay $27.632 million on loans and interests taken in 1993 from the European Bank for Reconstruction and Development for Hrazdan Power Plant reconstruction, the World Bank loan for structural adjustments, Russian and Turkmenistan loans. This year Armenia will also to pay back a US Commodity loan taken in 1996, which will continue up to 2005. In 2002 the volume of credits redemption will make $33,494 million, in 2003 it will be $29.345 million, in 2004-$24,153 million and in 2005- $24.488 Quote Link to comment Share on other sites More sharing options...
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