Emerging markets debt situation , East-West Debt news update october 2003.

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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East-West Debt october 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 Earlier this year the Algerian government approved a $1.8bn package to rebuild the areas hit by a major earthquake. The money will be spent on reconstructing housing and infrastructure
ANGOLA According to an internal report by the International Monetary Fund (IMF), some $1bn disappeared from Angolan government's finances last year.
ARGENTINA The International Monetary Fund (IMF) reached agreement with Argentina's president to start negotiations for a three-year debt relief program
INDONESIA Indonesia may stop borrowing from the International Monetary Fund (IMF) when its current agreements expire at the end of this year.
IRAQ IRAQ ENTERING A NEW ERA. What are the consequences for the old debts of the Republic of Iraq and its agencies?
PAKISTAN Pakistan plans to seek $8 to 10 billion from the United States as further compensation for the losses suffered during the military intervention in Afghanistan.
VENEZUELA For the economy, the oil strike meant negative growth of 29 percent in Q1 2003 and a nearly-50- percent weakening of the bolivar.
ZAMBIA The Zambian government and the International Monetary Fund (IMF) attempted to resolve a stand-off over fiscal policy. In June, the Fund suspended a $100m loan after Zambia surprised the market with a proposed $125m budget deficit.

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.