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The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring. This is the result of their preferred creditor status. There are two justifications for the preferred creditor status of MDBs: (a) they give concessional loans, and (b) they...
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employed a two-step system GMM due to its practical advantage on the dynamic panel data set. The finding shows that only …
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income group clusters to aid comparison across income blocs. The study employed panel estimation techniques including pooled … ordinary least squares (POLS), dynamic panel estimation with fixed-effects and random-effects and generalized method of moments …
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