Armenian foreign debt issues

Armenia’s foreign debt for April 1, 2011 reached USD 3.382 bln. Armenia owes the World Bank USD 1.305 bln which is 38.6 % of its entire foreign debt. Armenia also owes to the different organizations affiliated to the World Bank USD 1.19 bln and these figures show that more than 2/3 of Armenia’s debt is to the World Bank and its affiliated bodies. Apart from World Bank, Armenia owes money to EBRD, OPEC, Asian Development Bank, the International Foundation for Agriculture Development, IMF and others. Armenia also owes Russia, Japan, Germany, USA, and France.