Debt-for-Development Exchanges: An Innovative Response to the Global Financial Crisis

UNSW Law Research Paper No. 2010-16

University of New South Wales Law Journal, Vol. 32, pp. 620-645, 2009

25 Pages Posted: 5 Apr 2010

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: April 3, 2010

Abstract

Debt-for-development exchanges matter. They make debt relief more politically and practically attractive to donor countries, and serve the development of recipient countries through the cancellation of external debt and the funding of important development projects. This article explores one of the more effective techniques available to richer nations to assist those less fortunate than themselves. This technique is of particular importance for the many lesser-developed nations excluded from multilateral debt relief initiatives. This article looks at recent developments in debt-for-development exchanges initiated by European countries, specifically Switzerland, Italy, Spain, France, Germany and Norway.

Keywords: Law and Economics, Debt-for-development exchanges

Suggested Citation

Buckley, Ross P., Debt-for-Development Exchanges: An Innovative Response to the Global Financial Crisis (April 3, 2010). UNSW Law Research Paper No. 2010-16. Available at SSRN: https://ssrn.com/abstract=1583197

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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