25:
168:
Proponents of debt moratoriums argue that it is a sovereign decision by the government of a nation to suspend repayment of debt to its creditors, if to do otherwise would do irreparable harm to the welfare of its citizenry. A debt moratorium may take the form of a complete cessation of debt
212:
declared a moratorium on foreign debt repayments, describing the obligations as "immoral" and "illegitimate". Ultimately, the moratorium targeted two bonds in particular, and other obligations were paid.
225:
221:
177:
implemented the so-called "Ten Per Cent
Solution", when it was announced that only 10% of export earnings would go to debt payment.
89:
369:
133:. The term is generally used to refer to acts by national governments. Moratory laws are usually passed at times of special
61:
344:
68:
108:
42:
75:
46:
57:
216:
Several
European countries introduced various debt moratoria in connection with the consequences of the
229:
35:
82:
8:
220:. On 4 April 2021, Supreme Court of India also asked the PSU banks in India for Interest
142:
326:
282:
130:
217:
180:
Nations which have, at one time or another, declared a debt moratorium include Peru,
150:
274:
241:
315:"When Bad Things Happen to Good Sovereign Debt Contracts: The Case of Ecuador"
170:
389:
383:
205:
169:
repayments, or a partial cessation: for example, the government of
President
154:
330:
314:
286:
262:
165:(1875) LR 10 QB. Debt moratoriums are generally opposed by creditors.
201:
134:
325:(4, A Modern Legal History of Sovereign Debt (FALL 2010)): 251–271.
24:
278:
232:, which is going to cause a loss of 2000 crores to Banks in India.
181:
138:
209:
189:
197:
193:
185:
146:
370:"Household Savings in the time of Covid-19 by Dvara Research"
174:
126:
141:
stress: for instance, on several occasions during the
49:. Unsourced material may be challenged and removed.
381:
153:was discussed at length, and was upheld in the
301:Determinants of Debt Rescheduling in Pakistan
263:"Moratorium Decrees and the Conflict of Laws"
312:
303:. The Pakistan Development Review, 40(4).
109:Learn how and when to remove this message
299:Siddiqui, R. & Siddiqui, R. (2001).
16:Government delay in the payment of debts
149:government passed moratory laws. Their
382:
260:
47:adding citations to reliable sources
18:
13:
228:taken by citizens of India during
14:
401:
23:
345:"COVID19 Overview on moratoria"
313:Porzecanski, Arturo C. (2010).
34:needs additional citations for
362:
337:
306:
293:
254:
1:
319:Law and Contemporary Problems
247:
125:is a delay in the payment of
7:
235:
10:
406:
261:Hewitt, Harrison (1917).
151:international validity
267:The Yale Law Journal
43:improve this article
226:moratorium of loans
143:Franco-Prussian War
333:– via JSTOR.
289:– via JSTOR.
349:www.schoenherr.eu
230:pandemic lockdown
218:COVID-19 pandemic
119:
118:
111:
93:
58:"Debt moratorium"
397:
374:
373:
366:
360:
359:
357:
355:
341:
335:
334:
310:
304:
297:
291:
290:
258:
242:Moratorium (law)
206:President Correa
114:
107:
103:
100:
94:
92:
51:
27:
19:
405:
404:
400:
399:
398:
396:
395:
394:
380:
379:
378:
377:
368:
367:
363:
353:
351:
343:
342:
338:
311:
307:
298:
294:
259:
255:
250:
238:
222:waiver on loans
123:debt moratorium
115:
104:
98:
95:
52:
50:
40:
28:
17:
12:
11:
5:
403:
393:
392:
376:
375:
372:. 2 July 2021.
361:
336:
305:
292:
279:10.2307/786271
273:(8): 771–779.
252:
251:
249:
246:
245:
244:
237:
234:
117:
116:
31:
29:
22:
15:
9:
6:
4:
3:
2:
402:
391:
388:
387:
385:
371:
365:
350:
346:
340:
332:
328:
324:
320:
316:
309:
302:
296:
288:
284:
280:
276:
272:
268:
264:
257:
253:
243:
240:
239:
233:
231:
227:
223:
219:
214:
211:
207:
203:
199:
195:
191:
187:
183:
178:
176:
172:
166:
164:
160:
156:
152:
148:
144:
140:
136:
132:
128:
124:
113:
110:
102:
91:
88:
84:
81:
77:
74:
70:
67:
63:
60: –
59:
55:
54:Find sources:
48:
44:
38:
37:
32:This article
30:
26:
21:
20:
364:
352:. Retrieved
348:
339:
322:
318:
308:
300:
295:
270:
266:
256:
215:
179:
167:
162:
158:
122:
120:
105:
96:
86:
79:
72:
65:
53:
41:Please help
36:verification
33:
354:13 November
204:. In 2008,
171:Alan García
155:English law
131:obligations
99:August 2007
248:References
159:Rouquette
139:commercial
69:newspapers
202:Argentina
135:political
384:Category
331:25800680
236:See also
224:for the
182:Pakistan
210:Ecuador
190:Ukraine
163:Overman
83:scholar
329:
287:786271
285:
200:, and
198:Russia
194:Mexico
186:Brazil
147:French
145:, the
85:
78:
71:
64:
56:
327:JSTOR
283:JSTOR
157:case
127:debts
90:JSTOR
76:books
390:Debt
356:2020
175:Peru
62:news
275:doi
208:of
173:of
137:or
129:or
45:by
386::
347:.
323:73
321:.
317:.
281:.
271:26
269:.
265:.
196:,
192:,
188:,
184:,
121:A
358:.
277::
161:v
112:)
106:(
101:)
97:(
87:·
80:·
73:·
66:·
39:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.