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Stand Still Agreement (Unilateral Methods)

>> Sunday, September 27, 2009

Stand still agreement aims at maintaining status quo in the relationship between two countries in terms of capital movement. If a country is under debt to another country, payments of short term debts may be suspended for a given period by entering into an agreement called the standstill agreement. The creditor country allows the debtor country to repay the debts in easy instalments or convert the short terms debts into long terms debts.

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