Official Creditor

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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 ?
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".
While the other official creditors have the right to ask for an acceleration of their obligations, it might not be in their interest to do so.
Failure to reach a satisfactory agreement between Greece and its official creditors would intensify perceptions of re- denomination risk and uncertainty," the OECD said.
Not only is it possible that we may need to see sovereign technical default and/or blocked Greek bank deposits in order to come to an accommodation between Greece and its official creditors, it may be necessary to do so in order to break the current impasse in negotiations.
The Trustee and the Official Creditors Committee anticipate that distributions to victims from the Tort Trust may commence before the end of the year.
In our view, these conditions have worsened due to the uncertainty stemming from the prolonged negotiations between the almost three-month-old Greek government and its official creditors.
Its official creditors -- the euro zone and the IMF -- have frozen bailout aid until the new leftist-led government in Athens reaches agreement on a comprehensive package of reforms.
US President Barack Obama's recent call to ease the austerity imposed on Greece is remarkable - and not only for his endorsement of the newly-elected Greek government's negotiating position in the face of its official creditors.
The new Greek government on Monday ditched calls for a write-off of foreign debt and proposed ending a standoff with its official creditors by swapping the debt for new growth-linked bonds.