2min chapter

Odd Lots cover image

Mitu Gulati and Ugo Panizza on Haiti’s Odious Post-Colonial Debt

Odd Lots

CHAPTER

The Basic Concept of Odious Debt

There are at least two meanings of odious debt as it's discusd, both in the popular press and in the academic slash legal literature. One meaning is just any debt that you don't like, it just has a bad odor, and you don't want to pay it back. The more technical, legal meaning of odious Debt is that it is debt incurred by a despotic leader without the approval of the population or creditors.

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