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Since the first swap was brokered with Bolivia (to protect its Beni Biosphere Reserve and adjacent areas) by the non-profit Conservation International in 1987, many national governments and conservation groups have engaged in similar types of debt-for-nature swap negotiations, especially in tropical countries which contain diverse and threatened species of flora and fauna.
Yasuni National Forest is not a traditional debt-for-nature swap.
Murphy, "The Structure of an Environmental Transaction: The Debt-for-Nature Swap," Land Economics (1997), pp.
Various approaches to debt relief, such as debt rescheduling, debt-for-equity, or debt-for-nature swaps have contributed to a reduction in the outflow of financial resources from developing countries and can continue to make contributions to external financing for those countries which are actually servicing their debts.
One of the tools used by these partnerships is the debt-for-nature swap, which reduces the debt of the LDC at the same time that it delays development of tropical forests.
Externat debt, conservation of the nature, Debt-for-Nature Swaps, Economic instruments, international environmental policy.
Land is acquired through gifts, exchanges, conservation easements, management agreements, purchases from the conservancy's revolving land preservation fund, debt-for-nature swaps and management partnerships.
Since Kathryn Fuller became president of the World Wildlife Fund (WWF) seven years ago, the organization has doubled its revenue and membership, helped secure an ivory ban, promoted the debt-for-nature swaps in Asia and Latin America, and developed an environmental educational program called "Windows on the Wild" which is currently being introduced into middle school curricula around the country.
But for some countries, they may already be offering significant relief: Madagascar has cut its $100 million commercial bank debt in half through debt-for-nature swaps.
CEPAL analyzed nine cases of debt-for-nature swaps in Latin America (CEPAL, 1991: 116).