Today.Az » World news » IMF: Armenia's national debt is stable
18 February 2010 [10:14] - Today.Az
Size of Armenia's foreign debt is not very high, declared head of IMF mission to Armenia Mark Louis at a press conference in Yerevan on Feb. 17.
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/
|
|
