Title: Development Financing and Changes in Circumstances: The Case for Adaptation Clauses
Publisher: Kegan Paul Intl
Publication Date: 2000
Language: English
ISBN 10: 0710305907
ISBN 13: 9780710305909
Binding: Hardcover
Condition: Brand New
Weight: 0.36 kilograms

About this title

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.

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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