Armenia`s foreign debt exceeds $4 billion

  16 September 2015    Read: 1409
Armenia`s foreign debt exceeds $4 billion
As of early September, Armenia’s foreign liabilities to international financial organizations and creditors crossed the $4-billion mark for the first time, reported Hayots Ashkharh daily.

“But that’s not all. Several loan agreements are already signed, whereby several hundred million dollars [more] are envisioned to be incorporated, including the 200 million-dollar Russian commodity loan, whereby it is envisioned to stock up the arms base of our country.

“[But] the use of this loan has not yet begun. So, it is not included in the loan indicators, just as the 270 million-dollar loan signed for the upgrading of the nuclear plant [of Armenia],” wrote Hayots Ashkharh.

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