Tag: Debts

The ‘odious debt’ principle morally justified

(March 6, 2004) The principle that foreign debts incurred by an autocratic leader do not have to be paid back by a successor government – is back on the international agenda.1 As it stands, though, his renewed interest in the ‘odious debt’ principle lacks a thorough normative assessment.

Corruption goes unpunished

(November 5, 2003) A Canadian public lending agency that lobbied in defence of Acres International, the first multinational to be convicted in the landmark corruption trials currently underway in the southern African state of Lesotho, has said it will not bar the Canadian engineering giant from future contracts.