Emerging Market news: The Dominican Republic, which has some US$ 1,8 billion in private external debt, is teetering on the brink of default after failing to make an interest payment on its debt early this year.

The Dominican Republic, which has some US$ 1,8 billion in private external debt, is teetering on the brink of default after failing to make an interest payment on its debt early this year.

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East-West Debt july 2004 news, Emerging Markets update : DOMINICAN REPUBLIC

We are pleased to present another issue of East-West Debt Emerging Market 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, on emerging markets in particular. To be successful to our clients, we give the highest priority to attractive creativity, quality and integrity for solving overdue debts in emerging market countries.

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defaulted emerging market debt

DOMINICAN REPUBLIC news in short

The Dominican Republic, which has some US$ 1,8 billion in private external debt, is teetering on the brink of default after failing to make an interest payment on its debt early this year. The country has since maid US$ 27 million payment but that has not stopped the credit ratings agencies from lowering their ratings just above default. The Dominican Republic’s problems started last year with the collapse of Banco Internacional, its second-largest commercial bank. The banking crisis precipitated a sharp fall in the local currency, the peso, and inflation soared.

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Emerging market Debt recovery, Debt purchase, Legal Debt Recovery or Debt for Countertrade on Emerging Markets