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African Debt, Climate Change and the ICJ
The negotiations pertaining to sovereign debt crises place African sovereign debtors on the horns of a dilemma. On the one hand, there is the obvious truism that sovereign debt transactions are based on binding and enforceable contracts. Consequently, it is unsurprising that creditors insist negotiations relating to sovereign debt crises focus primarily on the financial and legal terms of the contract. On the other hand, it has long been recognised that sovereign debt crises are not purely financial or contractual in nature. […]