Ukraine debt: East-West Debt news update on the debt situation in 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, solving defaulted trade and bank debt

East-West Debt march 2003 news, update : UKRAINE

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

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, which was authorized in September 2000. The state budget for 2002 provided for Ukraine to receive $250 million under the Second Programmatic Adjustment Loan (PAL II), but later the previous Ukrainian government announced that the loan could be granted no earlier than in the first quarter of 2003. At the moment, a new CAS for Ukraine for 2003-2007 is being discussed.

Ukraine's cooperation with the IMF under a four year program, the Extended Fund Facility for the Ukraine, was completed in September 2002. Out of the entire amount of an approved loan worth $1.92 billion, Kyiv received $1.19 billion. Ukraine expects that a new program could be implemented within three to five years, and its size could vary from $600 million to $800 million.

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.