The Armenian government is negotiating with international agencies to restructure the public debt of the country, Tigran Davtyan , minister of finance of Armenia told a press conference on October 28.
“Armenia’s public debt almost doubled, but remains manageable, and borrowed funds are sufficient for the current and the next years. Now we have to think about restructuring of attracted credits,” he said.
According to the finance minister, negotiations are held over conditions of the borrowed loans with international financial institutions, in particular, with WB and IMF.
“Despite the fact that loans were involved in good conditions, however, we are working towards their restructuring in order to ease the burden of the external debt,” Tigran Davtyan said.
