Emerging Market news: Moldova is standing no chance of restructuring part of its foreign debt through the Paris Club, the head of IMF mission in the capital Chisinau has said.

The International Monetary Fund (IMF) reached agreement with Argentina's president to start negotiations for a three-year debt relief program to Argentina

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

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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For solving overdue debts, East-West Debt is using the following solutions:

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defaulted emerging market debt

MOLDOVA news in short

Moldova is standing no chance of restructuring part of its foreign debt through the Paris Club, the head of IMF mission in the capital Chisinau has said. The country “does not honour some of its commitments”, Edgardo Ruggiero pointed out. A recent report presented at a meeting of the IMF board of directors said that Moldava accumulated new debts worth US$ 26 million in the year 2003, following the suspension of payments to foreign creditors in August. Ruggiero noted that at present Chisinau authorities were negotiating with foreign creditors and that progress was achieved in several cases. “But the chances will be higher if a credible economic programme is in place. Creditors are waiting for the government to put forward good-quality policies.”

FRAUD IN THIRD PARTY TRANSPORT DOCUMENT
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