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Debt-For-Nature Swaps and the Environment in Africa

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  • Kyle, Steven C.

Abstract

This paper discusses the use of debt-for-nature swaps as a funding mechanism for environmental expenditures in Sub-Saharan Africa. The pros and cons of such transactions for creditor banks, environmental groups and debtor countries are discussed and evaluated in terms of their ability to address environmental problems prevalent in the region. It is concluded that the usefulness of debt swaps may be limited and that direct donations to developing countries for environmental purposes may often be superior to swap transaction.

Suggested Citation

  • Kyle, Steven C., 1990. "Debt-For-Nature Swaps and the Environment in Africa," Staff Papers 121546, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudasp:121546
    DOI: 10.22004/ag.econ.121546
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    References listed on IDEAS

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    1. Jeffrey D. Sachs, 1989. "Introduction to "Developing Country Debt and the World Economy"," NBER Chapters, in: Developing Country Debt and the World Economy, pages 1-34, National Bureau of Economic Research, Inc.
    2. Jeffrey D. Sachs, 1989. "Developing Country Debt and the World Economy," NBER Books, National Bureau of Economic Research, Inc, number sach89-3.
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