The Concept of Odious Debt : Some Considerations

The Concept of Odious Debt : Some Considerations

Despite the popularity of the term among advocates of debt forgiveness, there is little agreement on a workable definition of "odious" debts and there are but few examples where the concept has been invoked in law to justify non-payment o...

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Bibliographic Details
Main Authors:	Nehru, Vikram, Thomas, Mark
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ADVISORY SERVICES AID EFFECTIVENESS APPROVAL PROCESS ARBITRAL AWARD ARBITRAL AWARDS ARBITRAL DECISIONS ARBITRAL TRIBUNALS ARBITRATION ARREARS BALANCE SHEETS BANKRUPTCY BANKRUPTCY LAWS BASIC NEEDS BENEFICIARIES BOND BOND FINANCING BONDHOLDERS BORROWER BORROWER GOVERNMENTS BORROWING BRIBES CANCELLATION OF DEBT CLAIM CLASS OF DEBTS COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKING COMMERCIAL CREDITORS COMMERCIAL LENDING CONTRIBUTION CORRUPTION COST OF LOAN COURT OF JUSTICE CREDITOR CREDITORS DEBT CONTRACTS DEBT CRISIS DEBT FORGIVENESS DEBT MANAGEMENT DEBT OBLIGATIONS DEBT PROBLEM DEBT PROBLEMS DEBT REDUCTION DEBT RELIEF DEBT RELIEF INITIATIVE DEBT REPAYMENTS DEBT REPUDIATION DEBT RESTRUCTURING DEBT STOCKS DEBT SUSTAINABILITY DEBT TRAP DEBTORS DEBTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DISCRIMINATION DISPUTE RESOLUTION DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY ENFORCEABILITY EQUITY PARTICIPATION EQUITY STAKES EXPATRIATE EXPENDITURE EXTERNAL DEBT FIDUCIARY RESPONSIBILITIES FINANCE CORPORATION FINANCIAL AGENCIES FINANCIAL ASSISTANCE FINANCIAL CONTRACTS FINANCIAL ENVIRONMENT FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL LAWS FINANCIAL MANAGEMENT FINANCIAL SUPPORT FINANCIAL SYSTEMS FINANCIAL TRANSACTION FINANCIAL TRANSACTIONS FINANCIER FINANCIERS FISCAL BURDEN FLOW OF CAPITAL FRAUD GLOBALIZATION GOOD FAITH GOVERNANCE STANDARDS GOVERNMENT ASSETS GOVERNMENT BUREAUCRACY GOVERNMENT FAILURES HEAVILY INDEBTED COUNTRIES HIGH INTEREST RATES HUMAN RIGHTS ILLEGITIMATE DEBT INDEBTED INDEBTED COUNTRIES INDEBTED POOR COUNTRIES INDIVIDUAL LOAN INDIVIDUAL LOANS INFORMATION ASYMMETRY INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL COURT INTERNATIONAL COURTS INTERNATIONAL DEBT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL SYSTEM INTERNATIONAL LAW INTERNATIONAL LAWS INTERNATIONAL LENDING INTERNATIONAL STANDARDS INVESTMENT CLIMATE JUDGMENT JUDGMENTS JURISDICTION JURISDICTIONS LAW ENFORCEMENT LEGAL AGREEMENTS LEGAL NORM LEGAL OBLIGATION LEGAL PROCEDURES LEGAL SYSTEM LEGAL SYSTEMS LENDER LENDERS LENDING POLICIES LEVERAGE LIABILITY LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN PROCEEDS LOAN REPAYMENTS LOSSES TO CREDITORS MONIES MORAL HAZARD MULTILATERAL CREDITORS MULTILATERAL DEBT MULTILATERAL DEBT RELIEF MULTINATIONAL NATIONAL BUDGET NATURAL DISASTERS NEGOTIATION NEGOTIATIONS ODIOUS DEBT ODIOUS DEBTS PRIVATE BORROWERS PROBABILITY PUBLIC DEBT PUBLIC DEBTS PUBLIC POLICY RECIPIENT COUNTRIES REMEDIES REMEDY REPATRIATION REPAYMENT REPAYMENT CAPACITY REPUDIATION OF DEBT REPUDIATION OF DEBTS RESERVE RISK OF DEFAULT SETTLEMENT SHAREHOLDERS SOCIAL DEVELOPMENT SOVEREIGN BORROWER SOVEREIGN BORROWERS SOVEREIGN DEBT SOVEREIGN DEBTORS SOVEREIGN DEBTS SOVEREIGN LENDING STATE DEBTS TECHNICAL ASSISTANCE THIRD WORLD DEBT TITLES TRANSACTION TRANSPARENCY TREATIES TREATMENT OF DEBT TREATY USE OF LOAN PROCEEDS WORTH
Online Access:	http://documents.worldbank.org/curated/en/2008/07/9698381/concept-odious-debt-some-considerations http://hdl.handle.net/10986/6825

Internet

http://documents.worldbank.org/curated/en/2008/07/9698381/concept-odious-debt-some-considerations
http://hdl.handle.net/10986/6825