Odious Debts

Writing off the debt

Salil Tripathi, The Guardian
July 8, 2005

“Renouncing odious debts may seem arbitrary and revolutionary, but it is time to begin thinking about it,” writes Salil Tripathi, a London-based writer who specialises in Asian and international economic affairs.

“Then it would be possible for fresh lending to flow to responsible borrowers at sensible rates of interest under exacting standards, irrigating arid nations with new liquidity that will make all those good projects – in health and education – a reality.”

Full Story: The Guardian [PDFver here]

Categories: Odious Debts

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