Debt-for-development exchanges : using external debt to mitigate environmental damage in developing countries

Steven Freeland, Ross P. Buckley

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This article analyses the conception, evolution and recent development of debt-for-nature exchange techniques. It explores how the lessons of the early, problematic exchanges have been learned and how the highly successful exchanges conducted recently in Madagascar, Egypt and Kenya have been structured. It assesses the possibility of the Clean Development Mechanism under the Kyoto Protocol being tapped as a source of ongoing funding for projects, and concludes by arguing that, given the various benefits exchanges offer both donors and recipients, these techniques have been underutilised and deserve more careful consideration.
    Original languageEnglish
    Pages (from-to)77-101
    Number of pages25
    JournalHastings West-Northwest Journal of Environmental Law and Policy
    Volume16
    Issue number1
    Publication statusPublished - 2010

    Keywords

    • debts_external
    • debt, for, nature swaps
    • environmental protection
    • sustainable development
    • Kyoto Protocol
    • developing countries
    • non, governmental organisations

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