TY  - BOOK
AU  - Occhiolini, Michael
ED  - Banco Mundial
TI  - Debt for nature swaps
T2  - Policy, research, and external affairs working papers
U1  - 336.3435 
PY  - 1990///
CY  - Washington, D.C.
PB  - World Bank
KW  - DEUDA EXTERNA
KW  - CREDITO RECIPROCO
KW  - CONVERSIONES DE LA DEUDA
KW  - CONSERVACION DE RECURSOS
KW  - AMERICA LATINA
KW  - CREDITO CRUZADO
KW  - SWAPS
N1  - Incluye bibliografía; Introduction -- History of debt-for-nature swaps -- The mechanics of debt-for-nature swaps -- Debt-for-nature transactions -- Who benefits? -- New initiatives in debt-for-nature swaps -- Conclusion -- Appendix -- References
N2  - Debt for nature swaps involve the exchange of a debtor country ' s external obligation for that country ' s agreement to use local currency instruments to support a specific environmental project, such as development of conservation management plans, training of park personnel, or environmental education activities. These agreements are often described as deals where everyone benefits : the debtor country reduces its external debt, the environmental group can leverage its original donation amount, and banks profit from selling their debt on the secondary market or from the publicity value of donating the debt to the environmental group. However, this is a too simplistic analysis of debt for nature agreements. This paper examines whether the debtor country and environmental group benefits from the swap compared to the alternative of a straight donation of funds from the environmental group to the developing country, as well as the incentives that commercial banks have to donate, rather than sell, debt to international environmental groups
ER  -