MDB default statistics confirm strength of preferred creditor status Last year, for the first time, several multilateral development banks (MDBs) published data for their historical default and recovery rates, spanning several decades.
In addition, the Global Emerging Markets Risk Database (GEMs), a consortium of multiple MDBs and development finance institutions, provided updated default rates and for the first time recovery rates of eleven MDBs on their sovereign and sovereign-guaranteed lending. The data now available provide additional insights into the credit benefit of MDBs’ preferred creditor status, confirming its effectiveness.
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