East-West Debt news update on emerging markets debt situation.

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 emerging markets.

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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

East-West Debt march 2003 news update

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 emerging markets.

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

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

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.