What is the governing law for loan agreements entered into by the World Bank1 and other multilateral development banks (MDBs) in carrying out their public sector lend ing?
Professor of Law, University of Kansas. The author wishes to thank friends at the European Bank for Reconstruction and Development, especially Mr. Gerard Sanders, and the World Bank for contributing ideas and suggestions for this article. The author also wishes to thank Mr. Aron Broches for his helpful comments on an earlier draft of the article. Some of the observations in the article draw on the author’s experience as a consultant to the EBRD at various times in the years 1993-1995. All views expressed here, however, are the author’s and not necessarily those of the EBRD or its staff. Research support from the University of Kansas is gratefully acknowledged.
Related Questions
- What is the governing law for loan agreements entered into by the World Bank1 and other multilateral development banks (MDBs) in carrying out their public sector lend ing?
- Does the Convention apply to multilateral development banks and investment guarantee agencies?
- Do banks issue loan agreements and related documentation in English?
