The Ministry of Finance of Armenia has revealed the structure of the country's external debt, which has surpassed the $12 billion mark. According to the published data, the key creditor remains the World Bank, accounting for 37.8% of the republic's national debt.
The second position is held by the Asian Development Bank with 19.6% of the debt, followed by the Eurasian Development Bank with 8.3%. The International Monetary Fund and the European Investment Bank complete the top five largest creditors with shares of 5.3% and 3.2%, respectively.
Among the creditor countries, Russia leads, accounting for 6% of Armenia's external debt. It is followed by Germany (5%), France (5.4%), and Japan (2.8%). Notably, China's share is only 0.4%, while the United States holds a mere 0.2% of the government's external debt.
According to the Ministry of Finance's forecasts, by the end of 2024, Armenia's national debt will reach 5.314 trillion drams (over $13.5 billion), which will constitute 50.5% of the country's GDP compared to 49.3% of GDP at the end of 2023.
It is important to note that in 2024, 805.2 billion drams (over $2 billion) will be required for the repayment and servicing of the government debt. Of this amount, 483 billion drams (over $1.2 billion) will go towards repaying the principal debt, while 322.2 billion drams (over $827 million) will be allocated for interest payments.
