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Host States’ Monetary Sovereignty Within the Construct of Bilateral Investment Treaties

Published online by Cambridge University Press:  15 January 2021

Adaeze Agatha Aniodoh Open the ORCID record for Adaeze Agatha Aniodoh [Opens in a new window]
Adaeze Agatha Aniodoh*
Affiliation:
Manchester, United Kingdom
*
aniodoh.adaeze@gmail.com
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Abstract

This article considers assertions of the diminution of the monetary sovereignty of host states when they sign bilateral investment treaties. It discusses monetary transfer provisions in the model BITs of South Africa and Egypt and how their construction can affect states’ rights to regulatory autonomy in mitigating financial crises. This has become imperative in light of recent discussions on the possibilities for a systemic overhaul of BIT provisions, by pushing back against the diminution of host states’ sovereignty in order to respond to the force of globalization. Achieving this would require reform of existing model BITs to introduce appropriate exceptions in order to ensure policy space to protect the public interest.

Keywords

Monetary sovereigntybilateral investment treatiestransfer of fundsSouth AfricaEgypt
Type
Research Article
Information
Journal of African Law , Volume 65 , Issue 1 , February 2021 , pp. 1 - 23
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Copyright
Copyright © The Author(s), 2021. Published by Cambridge University Press on behalf of SOAS University of London

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Footnotes

*

Teaching associate, Manchester Law School, University of Manchester, UK.

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