Renegotiating the odious debt doctrine

(February 1, 2007) Following the United States’ invasion and subsequent occupation of Iraq,1 the U.S. government argued that the successor government in Iraq was not responsible for Iraq’s Saddam-era debt under the purported doctrine of odiousregime debt. This purported doctrine apparently excused—by operation of law—all successor regimes from repaying debts that were incurred by oppressive predecessor regimes.