news reviews by East-West, an international company active in asset trading, debt recovery and debt collection of overdue claims on high risk countries.

Your partner in solving defaulted trade and bank debt

   EAST-WEST DEBT NEWS   

East-West Debt permanently monitors political and financial situation in several high-risk countries.
Indeed, political and international events influence our solutions for solving certain overdue trade or bank debt. East-West Debt gives its best to register all recent developments in several high risk countries for our clients.

East-West Debt managed to gather a tremendous amount of information over the years, which gives us the possibility to exchange this knowledge with our customers.

The knowledge that we have built up is partly published in the form of newsletters which we send on a regular basis to a controlled network of financial professionals within multinationals, governments and banks all over the world.

Recently published East-West Debt newsletters include:

May 2005 Review
 IRAQ     80% of Iraq debts forgiven by Paris Club
 ARGENTINA     debt situation in Argentina
 LYBIA    United States resumed diplomatic ties with Libya .
 SYRIA    economic sanctions on Syria
 SERBIA     write off more than half of Serbia’s debt
 SAUDI    Saudis are Taking Small Steps towards Change
 UZBEKISTAN     Uzbekistan news in short
 Sovereign Ratings Standard & Poor’s    

October 2003 Review
 ALGERIA  Algeria: reconstruction efforts strain budget ...
 ANGOLA  Angola   search for 'missing millions' ...
 ARGENTINA  Argentina gets thumbs up ...
 INDONESIA  Indonesia: an end to IMF dependence ...
 IRAQ  IRAQ ENTERING A NEW ERA   But what with the old debts? ...
 PAKISTAN  Pakistan gets US aid, expects more ...
 VENEZUELA  Venezuela:  servicing of debt a "priority" ...
 ZAMBIA  Zambia: emergency discussions ...

March 2003 Review
 ALGERIA   According to the IMF, Algeria has succeeded in restoring financial and monetary stability and has made progress in modernizing its economy.
 ARGENTINA  Although the IMF has already lent Argentina $14 billion, the country can expect further aid of about $5 billion from the IMF, the World Bank and the Inter-American Development Bank (IADB) in support of a tough program.
 AZERBAIJAN  Since its accession to the International Monetary Fund in 1992, Azerbaijan has received from this organization loans worth $458 million.
 ALBANIA  Albania signed the Memorandum on Economic and Financial Politics with the IMF for 2003.
 BRAZIL  Brazil's economy has endured a fall out from the Argentine crisis and the global economic slowdown.
 CONGO  Jordan has concluded an agreement with the Paris Club member countries to reschedule a sum of $2 billion.
 GEORGIA  The Georgian Minister of Finance signed an agreement to reschedule part of Georgia's state debts to Uzbekistan, Kazakhstan and Iran.
 INDONESIA  The International Monetary Fund completed its seventh review of Indonesia's performance under $4.8 billion Extended Fund Facility arrangement.
 IRAN  The World Bank is planning to lend $70 million to the Tehran Municipality for environmental protection.
 IRAQ  The world financial community will face a tougher challenge if it is called upon to rebuild Iraq than in the case of former outcasts Iraq than in the case of former outcasts like Yugoslavia or Afghanistan.
 NIGERIA  The Nigerian economy faces enormous challenges. Nigeria's budget deficit reached 4.9% of GDP in 2002 and its economy shrank by 0.9%.
 PAKISTAN  Pakistan and the Asian Development Bank (ADB) signed an agreement to reduce poverty by half by the year 2011. The agreement supports Pakistan's long-terms goals.
 RUSSIA  Following the designation of Russia as a 'market economy' by the US Department of Commerce in June 2002, the country is improving its economic performance and regularly services its foreign debts.
 SAUDI-ARABIA  In October 2002 the IMF gave the Saudi Government the guidelines for improvement of the country's micro- and macroeconomy, including the fiscal policy, the imposition of taxes, the reduction of the public debt, the cut of subsidies and social aid to Saudis, privatization and other economic reforms.
 TURKEY  Turkey's consumer inflation rose by 29.7% in 2002. It was lower than the 35% target set in the country's economic recovery program supported by the International Monetary Fund.
 UKRAINE  The Programmatic Adjustment Loan (PAL) worth $750 million is the basic instrument of the World Bank's Country Assistance Strategy (CAS) for Ukraine in 2001-2003

October 2002 Review
 ALGERIA   Algeria is trying to convince foreign governments and investors that security in the country is improving in order to get foreign aid and investment streams flowing, hoping they can help an ailing economy.
 ARGENTINA  Although the IMF has already lent Argentina $14 billion, the country can expect further aid of about $5 billion from the IMF, the World Bank and the Inter-American Development Bank (IADB) in support of a tough program.
 BRAZIL  The World Bank approved three loans, totaling $1 billion, to support Brazil's education, energy and financial sectors
 EGYPT  The World Bank has announced its readiness to offer Egypt a loan of approximately $1 billion. This loan, constructed in participation with other parties and to be granted during a period of three years
 INDONESIA  The IMF highly appreciated the implementation of Indonesia's economic reform program. Wise monetary policy, which is supported by other reforms, has stabilised the exchange rate and allowed for a significant reduction in inflation together with declines in interest rates.
 IRAN  The International Monetary Fund reviewed its cooperation with Iran. The IMF praised Iran's development plan
 IRAQ  The United Nations Security Council passed a resolution which introduces improvements in its humanitarian oil-for-food program with Iraq which started in 1996. The $10 billion program allows Baghdad to sell its oil to buy food, medicine and other humanitarian goods for the civilian population.
 JORDAN  Jordan has concluded an agreement with the Paris Club member countries to reschedule a sum of $2 billion.
 NIGERIA  Nigeria is excluded from HIPC program although its per capita income levels and ratio of debt to gross national product are comparable with those of the 42 countries included in the HIPC initiative.
 PAKISTAN  The World Bank approved four projects totaling $240 million to support Pakistan's program of reforms, which is in line with the country's Poverty Reduction Strategy and the World Bank's new Country Assistance Strategy (CAS).
 TURKEY  The International Monetary Fund completed the second review of Turkey's economic performance under the three-year stand-by credit and decided to enable Turkey to draw $1.15 billion immediately.
 UKRAINE  The economic situation in Ukraine has continued to improve in 2001. Real GDP growth is estimated to have increased from almost 6% in 2000 to 9% in 2001
 URUGUAY  The IMF completed the first review, and approved a further $494 million on its current Stand-By Credit to Uruguay.
 VIETNAM  Vietnam will get approximately $1.1 billion in aid from the IMF, the World Bank and the Asian Development Bank by the end of 2002.

March 2002 - REVIEW
Turkey : IMF considers $14bn loan
Argentina’s road to disaster
Emerging markets vulnerable after attack on the World Trade Center
The failure of the IMF and World Bank HIPC’s program
Moldavia warns of debt default
Pakistan wins official debt rescheduling deal
UN embargo against Iraq
Ship arrest in the Netherlands

March 2001 - REVIEW
Russia - Russian debt
Indonesia - Aid package for Indonesia
Arbitration Clause
Libya - Libya seeks foreign investment
Turkey - New IMF emergency loan for Turkey
Argentina - IMF aid for Argentina
Angola - Angola repays to Russia
Peru - Peru's debt
Kazakhstan - Kazakhstan to launch insurance
Iraq - Iraq debt
Iraq - Iraq to World Court

September 2000 - REVIEW
Russia - Russia's debt
Ukraine - Ukraine restructuring
Syria - Syria's flagging economy
Turkmenistan - Turkmenistan loans
Zimbabwe - Zimbabwe's economic crises
Angola - Angolan economic reforms
Thailand - Thai debt problem
Armenia - Armenia's economy
Pakistan - Pakistan reviews budgetary data

March 2000 - REVIEW
Iraq - UN-embargo against Iraq continued
Russia - Russia restructures debt
Getting paid: the dollar vs. 'soft currencies'
Brazil - Brazil's economic reforms
Equador - Ecuador restructuring Brady bonds
Saudi Arabia - Budget deficit Saudi Arabia
Yugoslavia - Yugoslavian assets

October 1999 - REVIEW
Ukraine - Ukraine near to debt default
IMF - International sovereignty versus IMF
Iraq - UN sanctions against Iraq
China - China's debt plans
Indonesia - Indonesia debt situation
Pakistan - Pakistan avoiding default
Libya - Suspending of UN sanctions against Libya
Venezuela - Venezuela's political and economical crises
Kazakhstan - Kazakhstan's bureaucracy

April 1999 - REVIEW
Iraq - No solution political crisis in sight
Iraq - Financial situation
Iran - Delays of payment
Debt-equity swaps
Russia - Debt situation
Saudi-Arabia - Oil prices drive deficit up
Angola - UN peace keeper quits Angolan economy
Indonesia - Bank reform delayed
China - Foreign banks get tough

August 1998 - REVIEW
Iraq Oil-for-food
Iraq Oil Fields
Angola Peace process
Angola Privatisation
Russian help
Angola Economy
Cuba Debt rescheduling
Cuba Bank reform
Vietnam
Congo
Kenya Economy
Kenya Trade debt time-barred?