ArmInfo. Talks about the forgiveness of Armenia's external public debt by international creditors may carry reputational risks for the country. This opinion was expressed by the Minister of Finance of Armenia Atom Janjugazyan on June 26 during the Facebook-based press conference on the radio "Azatutyun", commenting on the user's question "why would not the external creditors forgive the $ 7 billion debt of the RA."
According to the minister's remarks, regardless of how effectively Armenia managed the borrowed resources, initiating such conversations, it is possible to seriously damage the international image of the country. Meanwhile, according to Dzhandugazyan, Armenia should make every effort to strengthen the positive image, which recently, against the backdrop of the "velvet revolution", the republic has formed in the eyes of international players.
In addition, as the head of the Ministry of Finance stressed, Armenia continues to be among the countries with a low debt burden. The financial department at the same time does not see any risks related to the management of the public debt: Armenia recorded a 7.5% GDP growth last year, this year it expects growth above the 4.5% fixed in the budget, continue to increase. Thus, according to Atom Janjughazyan, talking about a possible budget sequestration or default, it's "talking in favor of the poor."
