Development Financing and Changes in Circumstances : The Case for Adaptation Clauses

Moura Rocha, Bolivar

ISBN 10: 0710305907 ISBN 13: 9780710305909

Published by Kegan Paul, 1997

Language: English

Condition: Used - As new Hardcover

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Bibliographic Details

Title

Development Financing and Changes in Circumstances : The Case for Adaptation Clauses

Publisher

Kegan Paul

Publication Date

1997

Language

English

ISBN 10

0710305907

ISBN 13

9780710305909

Binding

Hardcover

Condition

As New

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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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