Odious Debts: What Can Bangladesh Learn from Ecuador?

Odious Debts: What Can Bangladesh Learn from Ecuador?

SYDNEY, NEW YORK, Sep 16 (IPS) - Bangladesh's White Paper committee will review foreign loan deals signed by the fallen kleptocratic regime. We recommend that it identifies and declares the loans or portions of loans that did not benefit the nation as unpayable, because they were siphoned off the country by corrupt politically powerful elites, or worse used to buy deadly weapons and surveillance equipment to oppress people. Such loans are "odious" – they stink and are detestable.

Read the full story, “Odious Debts: What Can Bangladesh Learn from Ecuador?”, on globalissues.org

https://www.globalissues.org/news/2024/09/16/37683 [Collection]

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