Create your own at Storyboard That Alexander Sack's belief created the criteria for odious debt - if debt was incurred without the consent of the people, if the debt did not benefit the people, and if the lender was aware of these two conditions. An economist William Easterly disagreed with these beliefs which were adopted by organizations, such as Probe International. These are his reasons. Despite what he believes, some wealthy countries began to forgive loans they made to developing countries, giving them a chance to gain economic stability. Defining Odious Debt. People of the country should not be forced to repay debt, which is owed by the regime. I disagree. Despite its overwhelming popularity among policy makers and the public, debt relief is a bad idea for the world's poor. By transferring scarce resources to corrupt governments with proven track records of misusing aid, debt forgiveness might only aggravate poverty among the world's most vulnerable populations. Maybe we should forgive developing countries of their loans and let them catch up. Odious debt is a debt that is incurred by a despotic power, not to meet the needs of the people of the country but to strengthen the despotic regime THE END