Odious debt refers to debt that is accumulated in the interest of a regime rather than a nation.

Name: Odious debt refers to debt that is accumulated in the interest of a regime rather than a nation.
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Odious debt is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation should not be enforceable. This type of debt is considered to be personal to the regime that incurred it rather than a debt of the state.

Odious Debt Refers to Debt That Is Accumulated in the Interest