Debt incurred by the Philippines for the building of the Bataan nuclear power station was forgiven on the grounds that the loan had been illegitimate.
Correct Answer:
Verified
Q44: The Bretton Woods institutions are generally supportive
Q45: Foreign holdings of US dollars sharply decreased
Q46: Traditionally, countries have developed by opening up
Q47: According to Cheryl Payer, foreign loans commonly
Q48: The debt trap is when the borrower
Q50: Odious debt refers to debt that is
Q51: House prices rising faster than incomes was
Q52: In 2015, the Greek parliament declared that
Q53: Sub-prime mortgages in the US were a
Q54: Foreign governments lend loans to developing countries
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents