ArmInfo. As of April 1 2016, the gross foreign debt of Armenia increased 6% or by $499.22 million to $9.01bln. According to the National Statistical Service of Armenia,
for the Q1 2016, the gross foreign debt grew 1% or by $2.445bln, as bank loans increased 50%, government's loans grew 40% and inter-company loans - 40%.
The debt of the state government agencies in total gross foreign debt of Armenia is 43.67% ($3.9bln) with an 11.4% growth year-over-year and a 2% growth for Q1 2016 alone. Then go banks - 22.81% of total ($2.1bln) with a 0.4% y-o-y growth and 0.8% growth for Q1 alone. Long-term loans account for 52.8% or $1.2bln of the banks' total foreign debt. Inter-company loans account for 10.52% or $948.02mln of total with a 6.7% y-o-y decline and 0.4% decline for Q1 alone.
Central Bank's debt accounts for 6.81% or $613.8mln of total gross foreign debt with a 10.9% y-o-y growth and 2.3% growth for Q1 alone. Long-term loans account for 81.2% or $489.6mln of CB's total debt. The private sector's debt accounts for 16.18% of total gross foreign debt or $1.5bln with a 4.7% y-o-y growth and 0.6% growth for Q1 alone (89.7% are long-term loans - $1.3bln).
Gross external reserves grew to $3.8bln by April 1 2016 from $3.7bln a year ago prompting a growth of the net foreign debt to $5.2 (from $4.8). In 2011-2016 (as of April 1) gross foreign assets increased 3.57% (from $2.8bln), with the net foreign debt growing 36.8% (from $3.8bln).
Armenia's gross foreign debt increased by 6% or $476mln in 2015 to $8.928bln, gross foreign assets - by 5.3% to $4bln. Eventually, net foreign debt grew 6.5% to $4.9bln. In 2012-2015, gross foreign assets fell 18.4% (from $4.9bln), but net foreign debt increased 81.5% (from $2.7bln) as the gross foreign debt increased 17% (from $7.6bln).