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“…Legally, this would put the multilateral institutions' right to payment in jeopardy. And this risk manifested itself in the case of Argentina about a decade ago in its pari passu battle (Boudreau & Gulati 2014).…”
Section: Legal Uncertainty For Multilateral Sector Prioritymentioning
confidence: 99%
“…Legally, this would put the multilateral institutions' right to payment in jeopardy. And this risk manifested itself in the case of Argentina about a decade ago in its pari passu battle (Boudreau & Gulati 2014).…”
Section: Legal Uncertainty For Multilateral Sector Prioritymentioning
confidence: 99%
“…In addition, multilateral debt has typically been excluded from sovereign debt restructurings altogether. 23 The International Monetary Fund enjoys informal priority of payment (Martha, 1990;Raffer, 2005;Boudreau and Gulati, 2014). 24 The Paris Club restructures official debt.…”
Section: Obligations Not To Discriminate Under Investment Treatiesmentioning
confidence: 99%
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