Emerging market economies recover, but debt restructuring problems linger: Second annual conference on emerging market finance.

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M2 PRESSWIRE-10 April 2000-WORLD BANK: Emerging market economies recover, but debt restructuring problems linger: Second annual conference on emerging market finance (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:07042000 WASHINGTON -- Nearly three years after the Asian financial and economic crisis, most economies in the region--and indeed, other emerging market economies around the world--have staged a marked recovery.

Exchange rates and interest rates have stabilized, and economic growth has returned. Nonetheless, less than half of the corporate debt in the Southeast Asian economies that requires restructuring--through conversions of debt into equity, reschedulings or some reductions in principal and interest--in fact has been restructured. As a result,...