ArmInfo.Rafael Gevorgyan, Deputy Chairman of the State Revenue Committee (SRC) of Armenia, received representatives of the Asian Development Bank and the French Development Agency (Agence Francaise de Developpement).
According to the SRC press service, Gevorgyan highly appreciated the progress achieved through collaboration with these international organizations and expressed hope for ongoing active collaboration. During the meeting, the areas of policy-based lending (PBL) and the new multi-year programmatic approach were discussed, in order to establish a multi-year policy framework and identify priority technical assistance needs for 2026. Also, the needs for new technical assistance to enhance tax and customs administration, as well as the potential areas for further collaboration, were presented.
It should be noted that by December 31, 2025, the public debt of Armenia had increased by approximately $1.7 billion, or 13.1%, compared to the end of December 2024 reaching a total of $14 billion 531 million. At the end of December 2017, the total public debt of Armenia was $6.774 billion, and by the time Nikol Pashinyan's government was formed, at the end of April 2018, it has risen to $6,867 billion. Thus, over its 28-year history (since Armenia gaining independence), the Republic of Armenia has attracted loans totaling approximately $6.8 billion, and from 2018 to the end of 2025, the authorities "managed" to increase the public debt by approximately $7 billion 757 million. By the end of 2025, the second largest creditor of the government is the Asian Development Bank - with 22.7%, followed by France - with 11%.
