Synopsis
The 1980s saw a debt crisis among developing countries that indicated a deeper, dangerous fault in the foundations of financial mechanisms. Rocha argues that contractually provided adaptation mechanisms can help avoid the disruption of medium- and long-term financing transactions; he also challenges the current practice of hazardous and resource-consuming ad hoc debt rescheduling.
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About the Authors
Bolivar Moura Rocha heads the unit responsible for the enforcement of competition law and policy in the Brazilian Finance Ministry.
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Development Financing and Changes in Circumstances: The Case for Adaption Clauses
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Development Financing and Changes in Circumstances: The Case for Adaptation Clauses
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Development Financing and Changes in Circumstances: The Case for Adaptation Clauses
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Development Financing And Changes In Circumstances The Case For Adoption Clauses
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Development Financing and Changes in Circumstances: The Case for Adaption Clauses (Graduate Institute of International Studies, Geneva)
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