The concept of odious debt (Record no. 23178)

000 -LEADER
fixed length control field 02485cam a22003377a 4500
001 - CONTROL NUMBER
control field 15745369
003 - CONTROL NUMBER IDENTIFIER
control field The World Bank
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20181114090020.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
fixed length control field m d
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field cr cn|||||||||
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 090520s2008 dcu sb i000 0 eng
010 ## - LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 2009655734
035 ## - SYSTEM CONTROL NUMBER
System control number (The World Bank)15745369
040 ## - CATALOGING SOURCE
Original cataloging agency DLC
Transcribing agency DLC
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HG3881.5.W57
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Nehru, Vikram.
245 14 - TITLE STATEMENT
Title The concept of odious debt
Medium [electronic resource] :
Remainder of title some considerations /
Statement of responsibility, etc Vikram Nehru, Mark Thomas.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc [Washington, D.C. :
Name of publisher, distributor, etc World Bank,
Date of publication, distribution, etc 2008]
490 1# - SERIES STATEMENT
Series statement Policy research working paper ;
Volume number/sequential designation 4676
500 ## - GENERAL NOTE
General note Title from PDF file as viewed on 5/20/2009.
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliographical references.
520 3# - SUMMARY, ETC.
Summary, etc "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 of sovereign debts. Most often, these have been cases when a successor state or government has refused to honor certain debts contracted by its predecessor state or government. Repudiating sovereign debts on broader grounds - such as that money may have been misused by the borrower or that results were not as hoped for at the outset of lending - would create real risks not only of reduced financial flows to poorer countries as a result of the danger of ex post challenges to lenders' claims, but also of moral hazard and lack of project ownership. This paper presents a discussion of the extant legal and financial environment facing developing country sovereign borrowers and develops a proposed approach within this environment to address issues of concern underlying the concept of odious or illegitimate debt. The authors make the case for focusing attention on codes of conduct along the lines of the Equator Principles and on refining forward-looking attempts to increase aid effectiveness and recover stolen assets. "--World Bank web site.
530 ## - ADDITIONAL PHYSICAL FORM AVAILABLE NOTE
Additional physical form available note Also available in print.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Debt relief
Geographic subdivision Developing countries.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Debts, External.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Thomas, Mark.
710 2# - ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element World Bank.
776 18 - ADDITIONAL PHYSICAL FORM ENTRY
Main entry heading Print version:
Display text Nehru, Vikram.
Title The concept of odious debt.
Place, publisher, and date of publication [Washington, D.C. : World Bank, 2008]
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title Policy research working papers ;
Volume number/sequential designation 4676.
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title World Bank e-Library.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4676">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4676</a>

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