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...

Full description

Bibliographic Details
Main Authors: Cordella, Tito, Powell, Andrew
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
Online Access:http://documents.worldbank.org/curated/en/578451563797490303/Preferred-and-Non-Preferred-Creditors
http://hdl.handle.net/10986/32125

Similar Items