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V. General Operations, Standards and Systems
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5.4 Finance and Capital Standards |
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Article 67-Elimination of speculative debt devices |
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| 67.1 |
Elimination of speculative debt devices |
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It is a key role of the Bank to ensure the end to speculative debt based devices, regardless of their misnaming, deceptive marketing practices and prevalence of use. |
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All Members shall be required to sign international treaties to ensure the banning of such misleading and destructive devices such as credit default swaps, collateral debt objects and many forms of derivatives and options that promote and cause exponential debt. |
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