Deep Dive: Odious Debt and International Law

We unpack the controversial idea of odious debt—the notion that loans taken by a regime to oppress its people may not bind the state or its successors. This episode traces the concept through international law, its definitional gaps, jus cogens, and historical precedents, and surveys current debates on debt relief, sovereign insolvency, and climate-vulnerable states, drawing on the Global Sovereign Debt Monitor 2024, UNCTAD, Fordham International Law Journal, and Brookings.

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