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Showing 1 to 2 of 2 for “"Odious Debt"”.
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The Odious Debt System
… have accumulated enormous quantities of external debt. Today, this debt is heavily burdensome; money spent on debt service is money that cannot be invested into infrastructure development, health, education, or other areas that might benefit the large number of Africans who live in poverty. Calls …
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Sovereign borrowing without odiousness: legal instruments to substitute the odious debt doctrine in the repudiation of sovereign debt
Where sovereign debt was found unjustified, occasionally attempts were made to declare this debt null and void. In order to facilitate this repudiation of debt in situations that are considered gravely unjust, Alexander Nahum Sack proposed the odious debt doctrine according to which debt is odious …