From the right, Richard Perle and William F. Buckley Jr. have called for freeing Iraq of its "odious debt" on moral grounds.
Due to religious sanctions against odious debt, Tamil Muslims have historically been money changers (not money lenders) throughout South and South East Asia.
(This odious debt was incurred between 1993 and 2005, while Lebanon was under foreign occupation.)
A widely held view in Washington is that loans made to the Hussein government amount to "odious debt" that the lenders should forgive.
In December 2008, he declared Ecuador's national debt illegitimate, based on the argument that it was odious debt contracted by corrupt and despotic prior regimes.
However, as the concept of odious debt is not accepted, trying to deal with the debt on those terms would have embroiled Iraq in legal disputes for years.
International financial institutions continue to impose so-called 'structural adjustments' by maintaining the odious foreign debt of countries in the developing world, and imposing cuts and privatisations on the health sector when shortages are already enormous.
Determine whether any of the debt being undertaken may be held to be odious debt, which might permit it to be disavowed without any effect on a country's credit status.
Developing countries' debt has often been qualified as an odious debt and a mean of neocolonialism, in particular by "third-worldism" (tiers-mondisme) and the more recent alter-globalization movement.
The Journal's February 2007 symposium concerned the international legal ramifications of odious debt.