Armenia reduced external debt to Russia for the first half of 2020 by  5.3% - to $ 378 million

ArmInfo. Armenia's foreign debt to Russia decreased in the first half of 2020 by 5.3% - to $ 378 million, but the debt increased by 20% on an annualized basis.  In the first half of the year, the external debt to Germany (KfW) was  also reduced by 2% to $ 373 million, to Japan (JICA) - by 0.5% to $  224.3 million, to the United States - by 7% to $ 15.5 million, and  the debt to France, on the contrary, it grew by 8.5% - up to $ 137.9  million. This is evidenced by the data of the RA Statistical Committee.

According to the source, in total, under bilateral credit programs,  the amount of debt decreased in the first half of the year by 1.8% -  to $ 1.155 billion (19.3% of Armenia's total external debt).

As for Armenia's external debt under multilateral credit programs,  this amount recorded a six-month growth of 6.5% - up to $ 3.837  billion (64.1% of Armenia's total external debt). And this growth was  mainly ensured by an increase in debt to the IMF by 98.7% - to $  503.3 million (including due to the stand-by loan added in May), as  well as to the European Investment Bank - by 9, 1% to $ 245.1  million, and by the European Union - by 0.7% to $ 73.3 million.  And  the debt to the European Bank for Reconstruction and Development  (EBRD) did not change for six months, but decreased by 6.8% on an  annualized basis, amounting to $ 19.2 million.

At the same time, the dominant external debt to the World Bank  decreased in the first half of this year. by 1.4% (with an annual  growth of 0.7%), amounting to $ 1.797 billion. In particular, the  debt to the International Development Association (IDA) decreased in  the first half of this year. by 3% - to $ 980.7 million, while before  the International Bank for Reconstruction and Development (IBRD), on  the contrary, it increased, but only by 0.7% - to $ 816 million. As a  result, the share of the World Bank in the total external debt of  Armenia decreased in the first half of the year from 31.5% to 30%,  against 32.7% a year earlier.

The debt to the Asian Development Bank (ADB) decreased by 1.2% in the  first half of the year (with an annual growth of 6.7%), amounting to  $ 773.6 million, which reduced its share in the total external debt  of Armenia from 13.5% to 12.9 % (against 13.3% a year earlier).

The debt to the International Fund for Agricultural Development  (IFAD) decreased in the first half of the year by 1.5% to $ 63.3  million, and to the OPEC Fund for International Development - by 2.5%  to $ 52.6 million.

In total, Armenia's external debt reached $ 5.982 billion by July  2020, having increased by 3.4% or by $ 197 million in the first half  of the year, and by 9.6% or by $ 526 million in annual terms. In the  total state debt of Armenia, the share of external debts accounted  for 77.5%, against 78.7% a year earlier. The specific debt burden per  capita increased to $ 2.6 thousand, of which slightly more than $ 2  thousand comes from the external debt, and this is with a meager  increase in the population of Armenia (by 0.1% in the first half of  this year and by 0.03% in annual section).

The total public debt of Armenia in June 2020 compared to June 2019  increased by 11.3%, and in the first half of this year. - by 5.4%,  reaching $ 7.7 billion. But this level has already been passed: in  July, the national debt grew by 2.6% or by $ 221 million- up to $  7.940 billion, of which 76.3% or $ 6.055 billion is external debt.   Moreover, the annual growth of these indicators (in July 2020  compared to July 2019) accelerated: the total public debt increased  by 13.7% or by $ 955 million, and the external debt - by 11.8% or by  $ 641 million.