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Are there cross-default provisions in the World Bank loan that accompanies the World Bank guarantee?

April 26, 2017accompanies guarantee loan world bank

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Are there cross-default provisions in the World Bank loan that accompanies the World Bank guarantee?

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World Bank loans do not normally include cross-default clauses to loans from other creditors. The Bank may in appropriate cases include an optional cross-default provision in its loans for the project to the commercial loan guaranteed by the Bank. Such a clause allows the Bank to suspend disbursements or accelerate its loan if commercial lenders have exercised remedies under their loan.