Odious debt

In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the government that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.[1] Whether or not it is possible to discharge debts in this manner is a matter of dispute.

  1. ^ Robert Howse (July 2007). The Concept of Odious Debt in Public International Law (PDF). Geneva: UNCTAD.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search