Third Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts.
The IMF Executive Board endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly exclu...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Series: | Policy Papers; Policy Paper ;
No. 2017/067 |
| Online Access: | Full text available on IMF |