Armenia’s foreign debt reaches over USD 3 billion

According to information supplied by the Armenian Ministry of Finance by June 30, 2010 Armenia’s total foreign debt reached approximately USD 3.5 billion. Armenia currently receives funds through different credit programmes from financial institutions such as the World Bank (more than USD 1.1 billion), IMF (USD 640 million). In addition Armenia owes Russia almost USD 500 million and Japan USD 331 million.