Debt for nature: a swap whose time has gone?

Schatan, Claudia
Jha, Raghbendra

2014-01-02T15:37:45Z

LC/MEX/L.497
LC/L.1635-P
3211213304

Descargar documento

Includes bibliography

Abstract This paper purports to review the performance of the Debt for Nature Swap (DNS) Programs in light of their dual objectives of lowering deforestation rates as well as the cost of debt servicing. It evaluates the performance of private and Public DNS and inquires whether such swaps have made any significant dent on the debt and deforestation problems besetting many developing countries. It also assesses the prospects for such swaps in the future. We argue that since the prospects for DNS are limited, a more conducive solution for the deforestation problem in many developing countries may lie in generalized resource transfers to these countries of the sort envisaged in recent proposals for a World Environmental Organization (WEO).

GESTION DE LA DEUDA; INDICADORES AMBIENTALES; PAISES EN DESARROLLO; RELACIONES NORTE-SUR; DESARROLLO DE LOS RECURSOS NATURALES; DEBT CONVERSIONS; DEBT MANAGEMENT; DEVELOPING COUNTRIES; ENVIRONMENTAL INDICATORS; NORTH-SOUTH RELATIONS; NATURAL RESOURCES DEVELOPMENT; CONVERSIONES DE LA DEUDA;