Developing countries should give 1.4 trillion dollars of debt for the year.

Developing countries need in 2009 to refinance debt at 1.44 trillion dollars, although the situation in credit markets is still heavy because of the financial crisis. This was written March 17, the newspaper The Financial Times referring to the calculations of Deutsche Bank.
According to the Bank's experts, the most difficult situation had been the Russian private and state companies, which have to refinance U.S. $ 117.1 billion. On the other hand, Deutsche Bank stressed that Russia is still a large gold reserves, which could be spent if necessary.
Curiously, the earlier Central Bank of Russia noted that Russian companies and banks in 2009 to give even more - 141 billion dollars. It is possible that some of this debt has already been refinanced.
Of the other developing countries, which must be given to large debts, Deutsche Bank calls Ukraine (40 billion dollars). This indicates that the reserves of the country do not exceed 28.8 billion dollars. Hungary will pay 35 billion, with reserves of 31 billion dollars, and Turkey - 100 billion, with reserves of 70 billion.
Recall that it is the credit crisis has become the leading cause of economic decline and a recession in most developed countries in the world. It came after the banks were forced to cancel hundreds of billions of dollars in bad assets. As a result, they have stopped lending to the economy, which in recent years, accustomed to relatively cheap credit.
As a result, many companies have not been able to refinance their debts and were forced to either drastically reduce their costs, or seek the assistance of the State. In Russia, the Government agreed to issue a multibillion loan for debt servicing a wide range of companies. But then, the program was discontinued because funds were needed for other purposes, in particular, to cover the budget deficit. Funds from the State managed to get only a few companies, including aluminum giant Rusal and Alfa Group. "