Category: Odious Debts

Patricia Adams: Speech at G-7 Summit – Public Forum on Odious Debts

(June 18, 1999) It is my very great pleasure to be here with debt campaigners from around the world who want to breathe life into this legal principle known as the doctrine of odious debts. As you know, from the introduction, I discovered the doctrine of odious debts years ago when I was writing my book about the Third World’s debt crisis. I was thrilled. Here was a principle, published in 1927 by Alexander Sack, then and still the world’s preeminent legal scholar on the treatment of public debts when governments and territories transform.