Abstract
This article introduces the Haitian Independence Debt of 1825 to the odious debt and sovereign debt literatures. We argue that the legal doctrine of odious debt is surprisingly and perhaps indefensibly narrow, possibly because of historical contingency rather than any underlying logic or principle. The story of the Haitian Independence Debt of 1825 serves as an illustrative case study. In the context of telling that story, we provide estimates of the evolution of Haiti’s external debt-to-GDP ratio over 1825–2020, and discuss the implications of the independence debt for the economy of Haiti. We conclude by discussing the implications of Haiti’s Independence Debt for the doctrine of odious debt and the possibilities for Haiti to recover compensation.
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Articles in the same Issue
- Frontmatter
- Symposia_Articles
- Towards HIPC 2.0? Lessons from Past Debt Relief Initiatives for Addressing Current Debt Problems
- A Mountain of Debt: Navigating the Legacy of the Pandemic
- Policy Analysis
- Debt Dynamics in Emerging and Developing Economies: Is R − G a Red Herring?
- Symposia_Article
- The Political Economy of Bilateral Lending from Emerging Creditors
- Research Foundation
- The Odious Haitian Independence Debt
- Policy Analysis
- On the Potential of Sovereign State-Contingent Debt in Contributing to Better Public Debt Management and Enhancing Sustainability Outcomes
- Symposia_Article
- Overcoming Original Sin
- Symposium
- Sovereign Debt Restructuring: The Way Forward
Articles in the same Issue
- Frontmatter
- Symposia_Articles
- Towards HIPC 2.0? Lessons from Past Debt Relief Initiatives for Addressing Current Debt Problems
- A Mountain of Debt: Navigating the Legacy of the Pandemic
- Policy Analysis
- Debt Dynamics in Emerging and Developing Economies: Is R − G a Red Herring?
- Symposia_Article
- The Political Economy of Bilateral Lending from Emerging Creditors
- Research Foundation
- The Odious Haitian Independence Debt
- Policy Analysis
- On the Potential of Sovereign State-Contingent Debt in Contributing to Better Public Debt Management and Enhancing Sustainability Outcomes
- Symposia_Article
- Overcoming Original Sin
- Symposium
- Sovereign Debt Restructuring: The Way Forward