IMF: Armenia's national debt is stable

He offered Armenian authorities to obtain soft loans and select programs that will yield profit and provide efficient spending of credit funds.

“If this is not ensured, Armenia’s state debt will increase,” he stated.

Commenting on the fact that since 2013 servicing of Armenia’s public debt will cost 20 percent of budget ($480m), Louis said: "Indeed, state of Armenia’s foreign debt is stable. Speaking of banking system in the country."

/News.am/