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QLLM365 Legal Aspects of Financing Development (Sem 2)

Module description

Developing countries vary in size, resource endowments and income levels, but they face similar challenges to access capital for financing development and put it to good use. The module examines the international legal framework underpinning the flow of different sources of external capital to developing countries, the terms and conditions upon which capital is provided and its development impact. Topics covered include private sources of capital (private debt financing, foreign investment) and public sources of capital (IMF and Multilateral Development Banks’ financial assistance and official development assistance). The module discusses contentious issues on international development finance such as the conditionality attached to financial assistance provided by international financial institutions, sovereign debt restructure, the impact of international investment agreements on the right to regulate and aid effectiveness. This module will be particularly attractive to students interested in career paths in international financial institutions, development organizations, consulting firms, government bodies, law firms, commercial banks and NGOs concerned with financing development.

Prerequisites

None

Applicable Groupings

Mode of Assessment

2.15 hour written examination

Credits

22.5 Credits

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