Debt for Nature: A Swap Whose Time Has Gone?

47 Pages Posted: 27 Sep 2000

See all articles by Raghbendra Jha

Raghbendra Jha

Australian National University (ANU) - Australia South Asia Research Centre (ASARC); Crawford School of Public Policy

Claudia Schatan

Facultad Latinoamericana de Ciencias Sociales (FLACSO) - Mexico

Abstract

This paper purports to review the performance of the Debt for Nature Swap (DNS) Programs in light of their dual objectives of lowering deforestation rates as well as the cost of debt servicing. It evaluates the performance of private and Public DNS and inquires whether such swaps have made any significant dent on the debt and deforestation problems besetting many developing countries. It also assesses the prospects for such swaps in the future. We argue that since the prospects for DNS are limited, a more conducive solution for the deforestation problem in many developing countries may lie in generalized resource transfers to these countries of the sort envisaged in recent proposals for a World Environmental Organization (WEO).

Keywords: Debt for Nature Swap, World Environmental Organization

JEL Classification: F4, O1, Q2

Suggested Citation

Jha, Raghbendra and Schatan, Claudia, Debt for Nature: A Swap Whose Time Has Gone?. Available at SSRN: https://ssrn.com/abstract=243755 or http://dx.doi.org/10.2139/ssrn.243755

Raghbendra Jha (Contact Author)

Australian National University (ANU) - Australia South Asia Research Centre (ASARC) ( email )

Canberra, Australian Capital Territory 0200
Australia
+61 2 6125 2683 (Phone)
+61 2 6125 0443 (Fax)

HOME PAGE: http://crawford.anu.edu.au/crawford_people/content/staff/acde/rjha.php

Crawford School of Public Policy

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
Canberra, Australian Capital Territory 0200
Australia

Claudia Schatan

Facultad Latinoamericana de Ciencias Sociales (FLACSO) - Mexico

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