Details

Subject(s)

• Credit—Management [Browse]
• Risk management [Browse]
• Global Financial Crisis, 2008-2009 [Browse]
• International Monetary Fund [Browse]

Publisher

• Centre for International Governance Innovation [Browse]

Series

• CIGI papers ; no. 37. [More in this series]
• CIGI papers ; no. 37 [More in this series]

Summary note

Throughout the history of IMF lending, the institution has had PCS; that is, distressed countries borrowing from the IMF are expected to give priority to meeting their obligations to the IMF over those to other (private or official) creditors. This status is a defining characteristic of the IMF's role in financial crises: it provides a high degree of confidence that IMF resources are safe even when other creditors of the distressed country face substantial uncertainty about whether they will be repaid in full.

Notes

"March 2014."

Bibliographic references

Includes bibliographical references (page 8).

Other title(s)

International Monetary Fund's preferred creditor status.

Publisher no.

242139

OCLC

881503847

Statement on language in description

Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage. Read more...