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China & Geopolitics Uncategorized

Lenders, beware — a Kenyan court case may invalidate ‘odious debts’

Loans made outside normal parliamentary channels and held offshore may soon find themselves less likely to be repaid. By Patricia Adams, Special to Financial Post In Brief A Nairobi courtroom is testing whether billions in sovereign debt can simply be declared illegitimate—and if citizens should ever have to repay loans they never approved and never […]