Debt-for-nature Swap

Debt-for-nature Swap

Debt-for-nature swaps are financial transactions in which a portion of a developing nation's foreign debt is forgiven in exchange for local investments in environmental conservation measures.

Read more about Debt-for-nature Swap:  History, Process, Types, Participation and Yields, Benefits, Decline

Famous quotes containing the word swap:

    If we should swap a good library for a second-rate stump speech and not ask for boot, it would be thoroughly in tune with our hearts. For deep within each of us lies politics. It is our football, baseball, and tennis rolled into one. We enjoy it; we will hitch up and drive for miles in order to hear and applaud the vitriolic phrases of a candidate we have already reckoned we’ll vote against.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)