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| Adil Abdul Mahdi |
Seeking forgiveness of Saddam-era debt
Litigation risk for years to come
Is any of Iraq’s sovereign debt odious debt that can or should be repudiated entirely?
Iraq’s need for very substantial debt relief derives from the economic realities facing a post-conflict country that has endured decades of financial corruption and mismanagement under the Saddam regime.
Principles of public international law such as the odious debt doctrine, whatever their legal vitality, are not the reason why Iraq is seeking this relief.
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