Ottoman Public Debt Administration: Difference between revisions

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French acronym from https://journals.openedition.org/anatoli/330?lang=en#tocto1n4
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[[File:IELfrontgate.jpg|thumb|The [[Istanbul High School]] building was originally constructed as the Ottoman Public Debt Administration (OPDA) headquarters.]]
 
The '''Ottoman Public Debt Administration''' (OPDA) ({{langx|ota|دیون عمومیهٔ عثمانیه واردات مخصصه اداره‌سی|script=Arab|Düyun-u Umumiye-i Osmaniye Varidat-ı Muhassasa İdaresi}}, or simply {{lang|ota|دیون عمومیه|script=Arab|Düyun-u Umumiye}} as it was popularly known, {{langx|fr|'''Administration de la Dette publique ottomane'''}}<!--French is an important language of the late Ottoman Empire... See [[Languages of the Ottoman Empire]]. Source of name: https://legal.un.org:443/riaa/cases/vol_I/529-614.pdf which states "Affaire de la Dette publique ottomane" on PDF p. 50/87 , also https://archives.saltresearch.org/handle/123456789/128494-->), was a European-controlled organization that was established in 1881 to collect the payments which the [[Ottoman Empire]] owed to European companies in the [[Ottoman public debt]]. The OPDA became a vast, essentially independent, bureaucracy within the Ottoman bureaucracy, run by the creditors: Its governing council included one representative each from British, French, German, Austrian, Italian, Dutch, and Ottoman creditors, and one representative from the Ottoman state.<ref>{{Cite web|url=https://ahvalnews.com/turkey-debt/postmodern-public-debt-administration|title=The Postmodern 'Public Debt Administration'|last=|first=|date=|website=|url-status=dead|archive-url=https://web.archive.org/web/20210607204447/https://ahvalnews.com/turkey-debt/postmodern-public-debt-administration|archive-date=2021-06-07|access-date=}}</ref> It employed 5,000 officials who collected taxes that were then turned over to the European creditors.<ref>Donald Quataert, ''"The Ottoman Empire, 1700–1922"'' (published in 2000.)</ref> At its peak it had 9,000 employees, more than the empire's finance ministry.<ref name=":0">{{Cite news |title=Unbundling the nation state |url=https://www.economist.com/international/2014/02/07/unbundling-the-nation-state |access-date=2024-07-10 |work=The Economist |issn=0013-0613}}</ref>
 
The OPDA played an important role in Ottoman financial affairs. Also, it was an intermediary with European companies seeking investment opportunities in the Ottoman Empire. In 1900, the OPDA was financing many railways and other industrial projects. The financial and commercial privileges of the non-Muslim foreigners were protected with the [[capitulations of the Ottoman Empire]].