According to the IMF, Algeria has succeeded in restoring financial and monetary stability and has made progress in modernizing its economy.

East West Debt, solving defaulted trade and bank debt

East-West Debt news, update march 2003: ALGERIA

We are pleased to present another issue of East-West Debt news update on the debt situation in the emerging markets. International events influence the solutions for solving overdue trade and bank debts. East-West Debt can offer our readers attractive financial solutions for solving non-performing trade and bank debts ...

... thanks to the expertise of our international network of experts. East-West Debt is an international financial company specialised in the recovery of overdue debt. To be successful to our clients, we give the highest priority to attractive creativity, quality and integrity for solving overdue debts in high risk countries.

East-West Debt offers financial solutions to multi-nationals, banks, governments, and insurance companies in solving overdue debts in high-risk countries in:

Africa,

the Middle East,

Eastern Europe,

Latin America,

South-East Asia.

For solving overdue debts, East-West Debt is using the following solutions:

debt equity swaps

debt for counter-trade

debt for debt swaps

debt collection

international litigation

debt recovery

defaulted emerging market debt

Algeria
According to the IMF, Algeria has succeeded in restoring financial and monetary stability and has made progress in modernizing its economy. However, major challenges remain, in particular to quicken significantly the pace of sustainable growth. This, in turn, will raise living standards and will reduce unemployment.

The Economic Recovery Program, which was prepared with assistance from the IMF, has contributed temporarily to growth and sustained expansion of economy. This situation allows to generate employment, reduce poverty and increase general standards of living. Algeria's current strong fiscal and monetary position offers a window of opportunity to pursue necessary reforms. At the core of the needed reforms is the revitalization of the enterprise sector, a better regulatory environment, and restructuring and privatizing viable public enterprises. A complementary area of reforms lies in the banking sector.
A modern financial system for financing the development of productive investment is very important for the country. Therefore, Algeria invited the IMF to undertake a Financial Sector Assessment Program. This assessment will form the basis for modernizing the banking sector further. Only then it will play an effective role in the economy, providing increased lending to small and medium-size enterprises.

ALGERIA ARGENTINA BRAZIL EGYPT
INDONESIA IRAN IRAQ CONGO NIGERIA PAKISTAN TURKEY UKRAINE SAUDI-ARABIA AZERBAIJAN

East-West Debt has made every effort to ensure the accuracy of this publication. Neither the company nor any contributor can accept any responsibility for -including but not limited to- errors, omissions, opinions or advice given. This publication is not a substitute for professional advice and all information is for guidance only.