Development Financing and Changes in Circumstances

The Case for Adaption Clauses

Paperback EN 2017 9781138967540
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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.

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          Development Financing and Changes in Circumstances