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Tag Archives: Odious Debt
Africa’s odious debts: a new book reveals links between foreign loans and capital flight
Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent, by James Boyce and Leonce Ndikumana. Continue reading
Egypt Rethinking Aid Options
(July 15, 2011) Since the days of President Anwar Sadat through January of this year, Egypt has relied heavily on Western sources for assistance as well as for loans and credits. Continue reading
Ecuador’s Sovereign Default: A Pyrrhic Victory for Odious Debt?
(February 28, 2010) Ecuador’s strategic default on some of its external debt last year has drawn much commentary and generated passionate reactions. Some commentators who advocate creating a mechanism for addressing odious or illegitimate debt encouraged Ecuador to repudiate its obligations and have generally applauded its decision to do so. For those who are sympathetic to efforts to create such a mechanism, however, this enthusiasm may be misplaced. Continue reading
‘Odious debt’ recognized by British Parliament
(July 14, 2008) Debt Relief, 3rd Report 1997-1998, London: House of Commons The British House of Commons International Development Committee recognizes the concept of odious debt. Continue reading
Contractualism and the moral evaluation of international economic institutions: the case of odious debt
(April 6, 2007) Contractualism as T. M. Scanlon has conceptualized it has become one of
the more influential moral theories of the past decade. Though
contractualism connects to the social contract tradition, it has not
yet been developed into a full-fledged political philosophy. Continue reading
Public power and private purpose: odious debt and the political economy of hegemony
(April 3, 2007) This Article examines the process by which overlapping interests between private bankers and government translates into influence and power mediated through the use of bank loans as instruments of foreign policy. Continue reading
Odious debt, odious credit, economic development, and democratization
(April 1, 2007) The problem of odious debt typically arises when a despotic regime has incurred substantial sovereign debt and is then succeeded by a less-despotic, possibly democratic, regime that seeks to repudiate that debt. There is no agreed-upon method for dealing with attempts to repudiate odious debt
Continue reading
Mitu Gulati: A ‘Renaissance Man’ in Law
(March 30, 2007) Mitu Gulati is described as a leading scholar on sovereign debt whose work looks at how to discourage lending to tyrants who raid the public purse of funds obtained through international borrowing. Continue reading
