Africa: The IMF Enjoys Preferred Creditor Status – Why It Shouldn’t Be the Judge When It Comes to Other Lenders
The International Monetary Fund (IMF) should not be an arbiter of discussions about which other multilateral financial institutions should qualify for preferred creditor status. This is because the IMF is a direct beneficiary of the creditor hierarchy policy. A preferred creditor status gives multilateral development institutions priority for the repayment of their loans should a…