Sovereign debt and human rights

Description

Sovereign debt is necessary for the functioning of many modern states, yet its impact on human rights is underexplored in academic literature. This volume provides the reader with a step-by-step analysis of the debt phenomenon and how it affects human rights. Beginning by setting out the historical, political and economic context of sovereign debt, the book goes on to address the human rights dimension of the policies and activities of the three types of sovereign lenders: international financial institutions (IFIs), sovereigns and private lenders.0Bantekas and Lumina, along with a team of global experts, establish the link between debt and the manner in which the accumulation of sovereign debt violates human rights, examining some of the conditions imposed by structural adjustment programs on debtor states with a view to servicing their debt. They outline how such conditions have been shown to exacerbate the debt itself at the expense of economic sovereignty, concluding that such measures worsen the borrower's economic situation, and are injurious to the entrenched rights of peoples.;The historical context of sovereign debt / Kim Oosterlinck -- Sovereign debt crises : a problem of debt management? Rosa Maria Lastra and Vassilis Paliouras -- Human rights and sovereign debts in the context of property and creditor rights / Arturo C. Porzecanski -- Private loans and sovereign borrowers / Mauro Megliani -- Export credits, sovereign debt, and human rights -- Sara L. Seck and Daniela Chimisso dos Santos -- The financial and social cost of public-private partnerships / Maria José Romero and Bodo Ellmers -- Foreign investment, sovereign debt, and human rights / Matthias Goldmann -- The role of credit rating agencies in sovereign debt markets / Aline Darbellay -- Soveriegn debt and human rights : making the connection / Cephas Lumina -- Sovereign debt and the right to food / Olivier De Schutter -- Sovereign debt and the right to health / Tim Jones -- Sovereign debt and the right to education / Ilias Bantekas -- The historical context of sovereign debt / Kim Oosterlinck -- Sovereign debt crises : a problem of debt management? Rosa Maria Lastra and Vassilis Paliouras -- Human rights and sovereign debts in the context of property and creditor rights / Arturo C. Porzecanski -- Private loans and sovereign borrowers / Mauro Megliani -- Export credits, sovereign debt, and human rights -- Sara L. Seck and Daniela Chimisso dos Santos -- The financial and social cost of public-private partnerships / Maria José Romero and Bodo Ellmers -- Foreign investment, sovereign debt, and human rights / Matthias Goldmann -- The role of credit rating agencies in sovereign debt markets / Aline Darbellay -- Soveriegn debt and human rights : making the connection / Cephas Lumina -- Sovereign debt and the right to food / Olivier De Schutter -- Sovereign debt and the right to health / Tim Jones -- Sovereign debt and the right to education / Ilias Bantekas -- Sovereign debt and the right to development / Gail Hurley -- Sovereign debt and self-determination / Ilias Bantekas -- Debt-crises, economic adjustment, and labor standards / Juan Pablo Bohoslavsky and Franz Christian Ebert -- Sovereign debt and civil/political rights / Sarah Joseph -- Illicit financial flows, sovereign debt, and human rights / Cephas Lumina and Mulesa Lumina -- Towards a more ethical lending to sovereigns / Barry Herman -- Conditionality and sovereign debt : an overview of human rights implications / Thomas Stubbs and Alexander Kentikelenis -- Debt, austerity, and the structural responses of social rights / Ben TC Warwick -- Guiding principles to assess the human rights impact of economic reform? Yes / Juan Pablo Bohoslavsky -- Odious debt, adverse creditors, and the democratic ideal -- A soft law mechanism for sovereign debt restructuring based on the UN principles / Martin Guzman and Joseph E Stiglitz -- A sovereign debt arbitral mechanism from a human rights perspective / Ilias Bantekas -- Citizen debt audits / maria Lucia Fattorelli -- Curbing "vulture fund" litigation / Cephas Lumina -- Sustainable financing through domestic resource mobilization (DRM) : the role of international law / Francesco Seatzu -- The right to unilateral repudiation of odious, illegal, and illegitimate sovereign debt as a human rights defence / Ilias Batekas.