debt-for-nature swap


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debt-for-nature swap

Cancellation of the debts of developing nations in return for their commitment to environmental conservation.
References in periodicals archive ?
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.
debt-for-nature swap thus sought to require the developing nation to
Murphy, "The Structure of an Environmental Transaction: The Debt-for-Nature Swap," Land Economics (1997), pp.
(40) However, the country was not eligible for a debt-for-nature swap because it had no significant debt.
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.
Second, the delaying of the harvesting due to a debt-for-nature swap permits greater research into the development of nonextractive uses of the rain forest, which have potential long term benefits to both parties.
Since Madagascar lacked the funds to carry out the intensive conservation programmes these efforts required, in 1989 the WWF, with the aid of a matching grant from USAID, engineered a multi-million dollar debt-for-nature swap to help Madagascar expand and deepen its national environmental programmes.
El interes que tienen los paises con grandes riquezas naturales en la reduccion de su deuda externa y el interes que tienen los paises industrializados en la conservacion de la naturaleza se pueden combinar mediante un canje de deuda externa por conservacion de la naturaleza (Debt-for-Nature Swaps [swap (del ingles): cambio, canje]).
But he has promoted economically based measures like carbon-emissions trading schemes and, internationally, debt-for-nature swaps. On issues of income inequality, Clinton has also avoided sweeping social programs; but he did expand the earned income tax credit in 1993 and won increases in the minimum wage in both 1996 and 2000.
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.