1st Edition

Development Financing and Changes in Circumstances The Case for Adaption Clauses

By Bolivar Moura Rocha Copyright 1999
    186 Pages
    by Routledge

    256 Pages
    by Routledge

    First published in 1999. This study starts with the reasons underlying that apparent bias of loan agreements to which developing country borrowers were parties and then develops to look at the issue of the potential benefits of having documentation evidencing developing country indebtedness provide for contractual relief for borrowers in case of adverse changes in circumstances.

    Introduction; Part I Adaptation in Development Financing: General; Chapter One Development Financing and External Shocks; Chapter Two The Conceptual Framework; Chapter Three Ad Hoc Adaptation and the Debt Crisis of the 1980s; Part II Adaptation Clauses; Chapter Four General Aspects of Adaptation; Chapter Five Renegotiation Clauses; Chapter Six Adaptation Clauses Stricto Sensu; Chapter Seven Adaptation Clauses: A Workable Proposition?; concl Conclusion;


    BolĂ­var Moura Rocha