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Armenia’s loan burden increases

By Messenger Staff
Friday, June 8
On May 31, Armenia’s government adopted a new program of managing government loans. In 2009, the share of government borrowing reached 35% of GDP; by 2011, it is nearly 42%.

The Armenian government believes that it can control its debt without destabilization, even through by 2015 it is expected to have borrowed over $5 billion USD.