Official Creditor

Official Creditor

A government or international organization that lends, especially to another government or international organization. A major example is the International Monetary Fund. The term is most common in international development.
References in periodicals archive ?
You will have to provide proof and if they accept it you will become an official creditor.
Kroop represents publicly traded and privately held corporate debtors and significant creditors including secured lenders, official creditor committees, commercial lessors and financial institutions in some of the largest Chapter 11 cases in the nation.
they added, referring to a planned meeting of Indonesia's official creditor nations grouped together in the so-called Paris Club.
23) On the other hand, it is quite possible that the repayments we have seen have been motivated by the small size of most IFI loans, their below-market interest rates, and the prospect of more official creditor funds.
3 billion of debt repayment it owed to the Paris Club of Official Creditor Nations and $877 million owed to London Club of Commercial Creditors.
Ginandjar Kartasasmita, coordinating minister for economy, finance and industry, told reporters before a cabinet meeting that details of the debt repayment will be discussed next month at a meeting of the Paris Club, a group of official creditor nations.
Brian regularly represents financially troubled entities, secured lenders, trustees, unsecured creditors, official creditor and equity committees, shareholders and investors in all aspects of in-court and out-of-court workout, restructuring and reorganization matters, including negotiation and confirmation of plans of reorganization or liquidation, debtor-in-possession financing and cash collateral arrangements and contests, foreclosures and other disputes regarding lenders' rights and remedies, Uniform Commercial Code Sales, preference and fraudulent transfer action, and assignments for the benefit of creditors.
Lawrence, 38, has represented financial investors, bondholder committees, official creditor committees and secured creditors.
Now the official creditors said: 'Within limits, we will support you'.
Over the past five years, a whopping $377 billion has flowed from official creditors such as the European Central Bank and the International Monetary Fund into the coffers of the Greek government and the country's commercial banks.
The IMF would also need to see sufficient progress in Greece on policy reforms and the official creditors to help with debt relief to make the program sustainable.
The Paris Club describes itself as "an informal group of official creditors, whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries".