Private creditors managed to push Suriname into giving up hundreds of millions in future oil revenues. And government creditors response to that was not:
"No way as that means private lenders will be repaid far more than us."
But:
"We want a piece of that action too."
"No way as that means private lenders will be repaid far more than us."
But:
"We want a piece of that action too."
Reposted from
Kevin Carey
"from the VRI, the Paris Club and China both included review clauses and clawback provisions in their debt restructuring agreements (which, allows the terms of the agreements to be revisited in the event that the new oil revenues are realized)." (see page 7) www.imf.org/en/Publicati...
Comments