Documents & Reports

Preferred and Non-Preferred Creditors (English)


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 presents...  See More +


  • Cordella, Tito; Powell, Andrew P.;
  • 2019/07/22 08:11:01
  • Policy Research Working Paper;
  • WPS8941
  • 1
  • 1
  • World
  • The World Region
  • 2019/07/22 08:07:01
  • Disclosed
  • Preferred and Non-Preferred Creditors
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