Preferred creditor status: multilateral development banks’ comparative advantage

Eric Paget-Blanc (), Arnaud Louis, Khamro Ruziev, Enrique Bernárdez () and Olivier Delfour
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Eric Paget-Blanc: CRESEM - Centre de Recherche sur les Sociétés et Environnements en Méditerranées - UPVD - Université de Perpignan Via Domitia, LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]

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Abstract: Preferred Creditor Status (PCS) is a widely accepted principle under which MDBs are given priority for repayment of debt in the event of a borrower experiencing financial stress. Under a broader approach to PCS, MDBs' sovereign and non-sovereign loans servicing are protected against restrictions on foreign exchange.

Date: 2018-10-11
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Published in Special report, Fitch Ratings. 2018

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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04320859

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