Opinion of the Advisory Council on Policy Coherence for Development

“Managing the external debt of developing countries”

This opinion is concerned with the management of the external debt of developing countries. It makes a series of recommendations aimed at aligning debt management with the principles of international law and the Sustainable Development Goals. In particular it analyses the role of “vulture funds” in a context of the annulment appeal submitted by the fund NML Capital to the Constitutional Court against the Belgian law of July 2015.