Georgian debt: East-West Debt news update on the debt situation in GEORGIA

International events influence the solutions for solving overdue trade and bank debts. East-West Debt can offer attractive financial solutions for solving non-performing trade and bank debts in Gerorgia

East West Debt, solving defaulted trade and bank debt

East-West Debt march 2003 news, update : GEORGIA

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

Gerorgia
The Georgian Minister of Finance signed an agreement to reschedule part of Georgia's state debts to Uzbekistan, Kazakhstan and Iran. The rescheduled sum amounts to $30 million.

The rescheduling scheme was agreed in line with Paris Club standard terms. Consequently, the payment period was set at 20 years, with a grace period of 3 years and an annual interest rate of 3%. An agreement on write-off of Georgia's state debt to China is planned to be signed in the near future.

ALGERIA ARGENTINA BRAZIL GEORGIA
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.