Debt to World Bank accounts for 37.9% or $1.7 billion of Armenia`s total foreign debt

$1.2 bln of this amount the WB provided to Armenia via IDA and another $516.1mln via IBRD. These indicator account for 26.2% and 11.7% of Armenia's total foreign debt, respectively. 

 

The debt to IMF accounts for 9.5% or $418.6mln of total foreign debt with a 1.5% year-on-year growth and 1% growth for Q1 2016.  ADB's share in Armenia's total foreign debt is 9.2% or $405.8mln with a 35% y- o-y growth and 2.4% growth for Q1 2016.  Then goes EIB with 3.1% 

or $135.5mln drams of total foreign debt and 2.3-fold y-o-y growth and 5.8% growth for Q1 2016.  As of April 1 2016, Armenia owes to the European Union $73.6mln or 1.7% of its total foreign debts with a 4.4% y-o-y growth and 2.6% growth for Q1 2016.  IFAD's share in total 

foreign debt of Armenia is $65.1mln or 1.5% of total with an 8.9% y-o-y growth and 6.3% growth for Q1 2016.

 

The debt to EBRD accounts for $19.6mln or 0.4% of total foreign debt with a 2.1% y-o-y growth and 4.1% growth for Q1 2016.  The country owes $41.8mln to OPEC or 0.9% of its total foreign debt with a 19.1% y-o-y growth and 3.3% for Q1 2016.  Multipartite credit programs accounted for 66.5% of the country's foreign state debt on April 1 2016 versus 64% a year ago, while in absolute terms, this indicator increased 16% y-o-y (1.7% for Q1 2016) to $2.9 bln drams.

 

Bilateral credit programs accounted for 12.2% of total foreign debt (no y-o-y changes), but in absolute terms, this indicator increased 12.6% y-o-y and 5.4% for Q1 2016 totaling $537mln. Funds from JICA account for $254.1mln of the bilateral credit programs and from German KfW - $201.4mln with a 5.2% and 6.1% growth for Q1 2016, respectively.  A total of $24mln Armenia owes to three banks: KBC, a Belgium-based bank ($5.5mln), and Austria-based Raiffeisenbank and Erste Bank - by $9mln.  The remaining 20.7% or $913.9mln in the 

foreign debt of Armenia belong to the non-residents that invested in the Armenian Eurobonds.

 

In Q1 2016, Armenia received $32.4mln loans, made $19.5mln repayments and $10.5mln interest payments, which is 10.2%, 13.3% and 2.8% less than a year ago.  Loans received throughout 2014 totaled $498.9mln, payments and interest payments totaled $87.3mln and $50.1mln, respectively. Both the borrowings and interest payments increased year on year - 56.6% and 51.4%, respectively, amid 54.3% decline of repayments.