Chapter 6 World Bank Cofinancing and Recent Developments with Respect to the Heavily Indebted Countries
Author: HERBERT V. MORAIS
Language:
English
Keywords:
BOOK; bank; central bank; government; SDR; banking organization; loan agreement; cross-default clause; commercial loan; financing package; role must; Commercial banks; Bank credit; Loans; Export credits; Syndicated loans

Abstract

This paper examines the experience of the International Bank for Reconstruction and Development (IBRD)—more commonly known as the World Bank—and the International Development Association (IDA) (hereinafter collectively referred to as “the Bank”) in cofinancing development projects and programs with various external financial sources in the Bank’s developing member countries (DMCs). It also discusses recent events in the heavily indebted countries (HICs) and how the Bank is working to facilitate the flow of new development financing to these countries.

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Cover Current Legal Issues Affecting Central Banks, Volume I
Current Legal Issues Affecting Central Banks, Volume I
Editor: Mr. Robert C. Effros
ISBN:
9781557751423
Publication Date:
15 Jun 1992
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557751423.071
Pages:
660