odious debt sentence in Hindi
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- An accepted mechanism for canceling odious debt could help promote the spread of democracy around the developing world.
- In international legal thought, odious debt is debt that is incurred by a regime for purposes that do not serve the interest of the state.
- However, as the concept of odious debt is not accepted, trying to deal with the debt on those terms would have embroiled Iraq in legal disputes for years.
- But there exists in international financial politics a doctrine of " odious debt, " contracted by a despotic regime to support itself instead of the needs of its people.
- It's called " the doctrine of odious debts, " which holds that a country is not responsible for debts incurred by a " despotic regime ."
- Some entities have suggested the concept of odious debt, under which a country should not be held responsible for debt incurred by despotic regime for the purposes of strengthening itself and suppressing internal dissent.
- "If South Africa's debts are canceled, it will send a message to banks who consider funding oppressive regimes that odious debts don't pay, " the report said.
- Some of Kabila's supporters argue that most of the country's crushing $ 12.5 billion debt should be treated as " odious debt "-- debt forced upon them unwillingly.
- Given lenders'reluctance to make moral judgments, proponents of the " odious debt " doctrine would like to see the creation of an international enpid { with the authority to declare debts odious when necessary.
- Developing countries'debt has often been qualified as an odious debt and a means of neocolonialism, in particular by " third-worldism " ( " tiers-mondisme " ) and the more recent alter-globalization movement.
- After the overthrow of Haiti's Jean-Claude Duvalier in 1986, there were calls to cancel Haiti's debt owed to multilateral institutions, calling it unjust odious debt, and Haiti could better use the funds for education, health care, and basic infrastructure.
- Advocates of the odious debt principle, which began after the 1898 Spanish-American War when the United States argued that neither it nor Cuba should be accountable for debts accrued by the colonial rulers, say that refusing to recognize these debts could discourage nations from granting credit to tyrants.
- Alexander Sack synthetised the concept of odious debt based on precedents from the 19th century, such as the Mexican government rejection to pay debts acquired by the emperor Maximilian I, and the rejection by the USA, once annexed Cuba, to pay the debts acquired when it was a Spanish colony.
- Sack is best known for his formalization of the odious debt doctrine in his work " Les effets des transformations des Etats sur leurs dettes publiques et autres obligations financi�res " ( " Effects of the transformations of the states in their public debts and other financial obligations " ), published in Paris in 1927, when he taught law at the Institute of Political Studies.
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