Evolution of the Governing Law for Loan Agreements of the World Bank and Other Multilateral Development Banks

American Journal of International Law, Vol. 90, pp. 214-234, 1996

21 Pages Posted: 24 May 2011

See all articles by John W. Head

John W. Head

University of Kansas - School of Law

Date Written: May 18, 2011

Abstract

What is the governing law for loan agreements entered into by the World Bank and other multilateral development banks (MDBs) in carrying out their public sector lending? That question was first definitively addressed about thirty-five years ago. This article examines the question anew, against the backdrop of recent developments in practice, especially at the newest of the MDBs, the European Bank for Reconstruction and Development (EBRD).

Keywords: World Bank, Development Banks

JEL Classification: K33, F33, O19, N20, H87

Suggested Citation

Head, John W., Evolution of the Governing Law for Loan Agreements of the World Bank and Other Multilateral Development Banks (May 18, 2011). American Journal of International Law, Vol. 90, pp. 214-234, 1996, Available at SSRN: https://ssrn.com/abstract=1846009

John W. Head (Contact Author)

University of Kansas - School of Law ( email )

Green Hall
1535 W. 15th Street
Lawrence, KS 66045-7577
United States

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