Research provided by Pearl Rains-Hewitt
Market-based conservation strategies
By Eric Thomas Marshall
WHAT IS “DEBT-for-NATURE” SWAPPING?
- DEBT-EQUITY swaps involve the conversion of external debt (national debt which is owed to foreign investors) into some type of equity. Foreigners continue to hold a claim on the debtor nation’s resources.
Environmental special-interest groups as well as those involved in government and private sector banking have shown increasing acceptance since Debt for Nature swapping first began more than a decade ago.
Despite the hopefulness of this plan, several obstacles still block immediate progress. The greatest of these blocks in the U.S. refusal to ratify. Continue reading