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Definition: Claim payments

External debt - IMF

Payments made to exporters or banks, after the claims-waiting period, by an export credit agency on insured or guaranteed loans when the original borrower or borrowing-country guarantor fails to pay. These are recorded by the agencies as unrecovered claims until they are recovered from the debtor or the debtor’s guarantor.
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003