Category: Seminal Sources

Opinion: Iraq’s debt

(November 14, 2003) The basis of the [odious debt] argument is not just moral and political: it is grounded on a century-old international legal doctrine that has been revived recently to deal with increased accountability for creditor complicity in shady lending practices. 

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Saddam’s evil debts

(October 23, 2003) Iraq’s outstanding loans were incurred without the population’s consent, as creditors likely were aware, and such ‘odious debt’ deserves to be forgiven.

Odious Debt

(August 13, 2002) This paper examines the case for eliminating illegitimate or odious debt. The argument is that the population of a country is not responsible for loans taken out by an illegitimate government that did not have the right to borrow ‘in its name.’

Odious debt

(May 10, 2002) Some argue that sovereign debt incurred without the consent of the people and not for their benefit, such as that of apartheid South Africa, should be considered odious and not transferable to successor governments.

Final Judgement

(April 18, 2002) The members of the International Peoples’ Tribunal met in Washington, D.D., on April 18, 2002, to pronounce their Final Sentence in the case against the Debt substantiated in the public hearings held in Porto Alegre, in February, as part of the II World Social Forum.