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.
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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.
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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.
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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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