Tag: Odious Debt

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.

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.’