This Article proposes an innovative and human rights-based interpretation of interest rates applied to public and private loans where interest rate and risk premium are adjusted after the full payment of the principal.
* The authors wish to extend their gratitude for the comments to the drafts of this article received from Daniel Bradlow, Manuel Gonzalo Casas, David Kinley, Bruce Porter, Mihai Selegean and Balázs D. Tóth. Chart by Johannes Hofer. They also thank Omar Shehabi and the Features team at the Yale Journal of International Law, who made invaluable edits and substantive contributions to this piece.
† The author is a PhD candidate at Middlesex University, London, where he researches sovereign debt and human rights.
†† The author was United Nations Independent Expert on debt and human rights from 2014-2020.