Debt Servicing and its Adverse Impact on Economic, Social and Cultural Rights in Developing Countries

Journal of Human Rights, Vol. 9, No. 4, pp. 487-501, November 2010

16 Pages Posted: 25 Jul 2011

See all articles by Dr Noel Villaroman

Dr Noel Villaroman

United Nations; Monash University - Faculty of Law; International Consortium for Law and Religion Studies; Law and Religion Scholars Network (LARSN); Center for Civil and Human Rights; Integrated Bar of the Philippines

Date Written: October 1, 2010

Abstract

The article identifies the obligations required of a state party under the International Covenant on Economic, Social and Cultural Rights and demonstrates how they may be infringed as a result of huge debt repayments to creditors. It argues that creditor states have human rights obligations beyond their borders and towards the people of debtor states. These “extra-territorial” human rights obligations make imperative the demand for debt relief to the poorest debtor countries.

Keywords: debt crisis, foreign debt and human rights, debt relief, human rights obligations, extra-territorial human rights obligation

Suggested Citation

Villaroman, Noel, Debt Servicing and its Adverse Impact on Economic, Social and Cultural Rights in Developing Countries (October 1, 2010). Journal of Human Rights, Vol. 9, No. 4, pp. 487-501, November 2010, Available at SSRN: https://ssrn.com/abstract=1894045

Noel Villaroman (Contact Author)

United Nations

New York, NY 10017
United States

Monash University - Faculty of Law ( email )

Wellington Road
Clayton, Victoria 3800
Australia

HOME PAGE: http://www.law.monash.edu.au/research/hdr/index.html

International Consortium for Law and Religion Studies ( email )

University of Milan
Faculty of Law
Milan, 20122
Italy

HOME PAGE: http://www.iclars.org/index.php

Law and Religion Scholars Network (LARSN) ( email )

Law Building, Museum Avenue
Cardiff, Wales
United Kingdom

HOME PAGE: http://www.law.cf.ac.uk/clr/networks/lrsn.html

Center for Civil and Human Rights ( email )

P.O. Box 780
Notre Dame, IN 46556
United States

HOME PAGE: http://law.nd.edu/center-for-civil-and-human-rights/

Integrated Bar of the Philippines ( email )

IBP Building, No.15 Julia Vargas Avenue
Ortigas Center
Pasig City
Philippines

HOME PAGE: http://www.ibp.org.ph/

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