(March 1, 2009) “Odious debts” have been the subject of debate in academic, activist, and policy circles in recent years. The term refers to the debts of a nation that a despotic leader incurs against the interests of the populace. When the despot is overthrown, the new government—understandably—does not wish to repay creditors who helped prop up the despot…
Insolvency principles and the odious debt doctrine:The missing link in the debate
(January 1, 2007) The War in Iraq has intensified the international human rights community’s attention to the staggering amount of debt facing any future Iraqi government.
The odious debt doctrine after Iraq
(January 1, 2007) The odious debt doctrine has experienced renewed popularity in the past few years; it has been heralded by academics, political commentators, economists, and politicians as a mechanism to alleviate burdens imposed by illegitimate rulers.