Odious Lending
Debt relief as if morals mattered
17 September 2006
The time has come to look again at foreign debts forced wrongly on developing countries — so-called ‘odious debt’ — and shift the spotlight onto the ‘odious lenders’ — the bankers who made large loans to illegal regimes.
This report reveals the true scale of the impact of debts that result from ‘odious lending’, and how that impact continues to grow until the loan is cancelled. Long after ‘odious debts’ are technically off the books, subsequent generations are still paying for them.
Topics International development
