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Government authorities are more likely to allow subsidiary repayment of a loan to a large international bank than to a parent firm because stopping payment
Government authorities are more likely to allow subsidiary repayment of a loan to a large international bank than to a parent firm because stopping payment to an international bank would have a negative impact on the credit image of the country. the government is also borrowing money from that bank and wants a larger loan before they choose to default. corrupt government officials have accounts at the bank and they have made an under-the-table agreement not to withhold funds from that bank. None of these are true
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