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Discuss Felix Gibson's answer to: When a bank made a loan to a foreign country that ...

When a bank made a loan to a foreign country that is later unable to repay, what are some factors that the banks consider to determine whether the debt will be forgiven

Such a bank must formally request its head of state (thus, if it is a US bank, the president of the USA) to have the debt forcefully collected by the army and, if the president or head of state refuses, such a refusal must be regarded by all authorities in the country in which the bank is registered (e.g. tax authorities, auditors etc.) as proof that writing the debt off as a non-collectable receivable  must be accepted by them.

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