There is much talk about the causes of the external debt and its creation. The latest data of the Republic of Armenia's foreign debt amounts to $ 4 billion 543 million.

This is a serious problem for our country, but we are not assessing the seriousness of the movement from the "cart." You must first understand the causes. For example, if the global crisis and the subsequent increase in external debt during the year was driven by cost reduction and social situation is further exacerbated by not allowing the past two years, the need to stimulate economic activity.

Thus, according to Finance Minister Vardan Aramyan, Armenia's foreign debt will reach 49 percent of GDP this year. Given the 0.4 percent growth, a further massive increase in external debt could hit Ricks.

To avoid such a fundamentally new developments in executive position, to take a more rational and efficient loans and implement programs that will provide measurable equity. The mayor also spoke at a meeting with donors. He noted that the need to discuss and establish the rules that will affect the loan to determine the priorities for funding programs.

From this it can be concluded that taking loans from abroad should not be a short-term solution to the problems is easy, but a heavy burden and effects creator way of payment. Priority should be given to the reconstruction of infrastructure, business lending programs that concrete results are promising, they serve as a stimulus for economic growth. Should be limited to providing real results, counseling, various other areas of structural reform and the financing of such programs, which actually do not provide measurable results.

So small, but through targeted loans to avoid an increase in credit load, less resources, stimulating economic activity.

Anahit Grigoryan