ABSTRACT

First published in 1999. This study starts with the reasons underlying that apparent bias of loan agreements to which developing country borrowers were parties and then develops to look at the issue of the potential benefits of having documentation evidencing developing country indebtedness provide for contractual relief for borrowers in case of adverse changes in circumstances.

chapter |3 pages

Introduction

part I|72 pages

Adaptation in Development Financing: General

chapter Chapter One|21 pages

Development Financing and External Shocks

chapter Chapter Two|32 pages

The Conceptual Framework

part II|77 pages

Adaptation Clauses

chapter Chapter Four|6 pages

General Aspects of Adaptation

chapter Chapter Five|10 pages

Renegotiation Clauses

chapter Chapter Six|54 pages

Adaptation Clauses Stricto Sensu

chapter Chapter Seven|3 pages

Adaptation Clauses: A Workable Proposition?

chapter |3 pages

Conclusion