Tuesday, May 29 2012 20:39
By late March 2012 gross foreign liabilities of Central Bank grew by 6.6% due to IMF loans and other loans
ArmInfo. By late March 2012 the gross foreign liabilities of the Central Bank of Armenia grew by 6.6% versus the same period of 2011, and by 2% over Q1 2012 alone to $769.3 mln, which is slightly lower than the index of February. According to the monthly issue of the CBA, the growth was due to the increase of IMF loans and other loans.
In March 2012 versus March 2011 the loans from the IMF were up 4%, and up 0.8% in Q1 alone (0.4% decline versus Feb 2012) to $522.2 mln. Other loans were up 39.3% versus March 2011, and up 9.7% in March 2012 to $110.5 mln by 1 April 2012. The source says that in the structure of foreign liabilities, 67.8% fell on the IMF loans, and 14.4% - on other loans. The share of SDR in the gross foreign liabilities of the CBA made up 17.7%, or $136.3 mln (2.4% decline versus March 2011, 0.4% decline over March 2012, 0.9% growth over Q1 2012).
The share of other liabilities in the gross foreign liabilities of the CBA remains small - $0.2 mln, which is by 20% lower than in Feb 2012, by 33.3% lower than in Dec 2011, and by 50% lower than in March 2011.
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