  Tigran Davtyan: Armenia will not face problems with state debt servicing October 6, 2010 - 15:55 AMT PanARMENIAN.Net - Armenian Minister of Finance Tigran Davtyan said that the state debt/GDP ratio will make 42-44% by the end of 2010 in Armenia that does not exceed international norms of acceptable level. “We have not exceeded the acceptable level,” Davtyan told journalists on October 6. He noted that the International Monetary Fund has reviewed the terms of aid provided to Armenia, extending maturity dates and decreasing interest rates. “Negotiations on loans refinancing are held also with other organizations,” he said. Moreover, according to Davtyan, the state debt servicing is reflected in the mid-term expenditure program of the Armenian government and does not cause any concerns. However, the Minister added that Armenia should treat more carefully the matter of additional funds attraction.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
