The Doctrine of Illegitimate Debt
Source: AFRODAD
Foreign debt is illegitimate if it is against national law; it is unfair, improper or objectionable; or if it infringes upon public policy (Hanlon, 2002). Four categories of illegitimate debt have been identified. These categories are unacceptable loans, unacceptable conditions, inappropriate loans and inappropriate conditions (Hanlon, 2002).
These two studies elaborate on the concept of illegitimate debt and analyse and review information, perceptions and perspectives of the concept of illegitimate debt. They also attempt to identify and quantify the DRC Congo's and Malawi’s illegitimate debt and explain its structure
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