Azerbaijan debt: East-West Debt news update on the debt situation in AZERBAIJAN

Since its accession to the International Monetary Fund in 1992, Azerbaijan has received from this organization loans worth $458 million.

East West Debt, solving defaulted trade and bank debt

East-West Debt march 2003 news, update : AZERBAIJAN

We are pleased to present another issue of East-West Debt news update on the debt situation in the world. 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

Azerbaijan
Since its accession to the International Monetary Fund in 1992, Azerbaijan has received from this organization loans worth $458 million. All signed loans totaled $562 million including the last $100 million worth program for poverty reduction and economic development, which was signed in 2001.

Two tranches, worth about $10 million each, have been allocated since that time. The third tranche was on the agenda. However, the IMF suspended the Poverty Reduction and Growth Facility program. This means that further tranches from the $100 million loan will not be allocated to Azerbaijan.

The IMF regrets that Azerbaijan wrongfully utilized funds obtained from oil sales. It also criticizes a new taxation policy introduced by the Azerbaijan government.

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.