CBA also Describes Armenia as Less Indebted Country
According to the Republic of Armenia Ministry of Finance data, foreign debt of Armenia has grown by 14.1%, in 2015, which is 40.9% of GDP.
As mentioned in Financial Stability Report 2015 of Central Bank of Armenia the growth of foreign debt is a result of the relocation of the second trench of Eurobonds with a total value of USD 500 million in March 2015. Funds attracted from international organizations at the end of the year also had their impact on the growth of foreign debt.
From the effective debt management viewpoint, it is important to mention that the share of loans with a floating rate in the structure of loans is low, which lessens the interest rate risks.
In 2015, Armenia remains a less indebted country, according to the qualitative indicators of Armenia’s public debt.
