Armenia’s national debt has reached 12 billion 157 million US dollars in the first half of 2024, according to Minister of Finance Vahe Hovhannisyan. Despite this, Hovhannisyan emphasized that the indicators are manageable, with the average repayment period slightly decreasing to 7.1 years. This reduction is attributed to Armenia’s policy of issuing shorter-term government bonds in response to increased interest rates.
The finance minister also reassured that risks, particularly exchange rate-related risks, are manageable as Armenia’s domestic debt ratio continues to increase, currently standing at 50.7 percent. However, Hovhannisyan warned that Armenia’s debt burden will increase in the coming years, with plans to repay over $300 million in Eurobonds at the beginning of next year.
Despite these challenges, Hovhannisyan expressed confidence in Armenia’s ability to navigate its debt obligations. The government’s strategic approach to debt management aims to maintain stability and ensure sustainable economic growth in the long term.
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