Preferred and Non-Preferred Creditors

Preferred and Non-Preferred Creditors

International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts they normally pay IFIs in full. This paper pr...

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Bibliographic Details
Main Authors: Cordella, Tito, Powell, Andrew
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PREFERRED CREDITOR TREATMENT
PREFERRED CREDITOR STATUS
SOVEREIGN DEBT
DEFAULTS
INTERNATIONAL FINANCIAL INSTITUTIONS
EMERGENCY FINANCING
DEBT RESTRUCTURING
FINANCIAL MARKETS
Online Access:http://documents.worldbank.org/curated/en/578451563797490303/Preferred-and-Non-Preferred-Creditors
http://hdl.handle.net/10986/32125

Internet

http://documents.worldbank.org/curated/en/578451563797490303/Preferred-and-Non-Preferred-Creditors
http://hdl.handle.net/10986/32125

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