Leveraging Australia's Debt Relief to the Philippines Through Debt-for-Investment Projects

Macquarie Law Journal, Forthcoming

UNSW Law Research Paper No. 2007-43

22 Pages Posted: 28 Jun 2007

See all articles by Ross P. Buckley

Ross P. Buckley

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

Amberlee Small

O'Flynn Weese LLP

Abstract

This article proposes and analyses a 'debt-for-investment' project between the Australian and Philippine Governments as a means for Australia to enhance greatly the effectiveness of its debt relief and aid efforts for the Philippines. Debt-for-investment can serve the interests of the Australian and Philippine Governments and the poorest Filipino communities. This project would reduce the risk of transnational threats including terrorism and an avian flu epidemic and help the Philippines achieve the Millennium Development Goals ('MDGs') by 2015. It would also strengthen the existing relationship between Australia and the Philippines, and allow Australia to join the ranks of developed nations engaging in debt swaps with developing nations.

Keywords: Debt relief, Debt-for-investment projects, Debt-for-development exchanges

Suggested Citation

Buckley, Ross P. and Small, Amberlee, Leveraging Australia's Debt Relief to the Philippines Through Debt-for-Investment Projects. Macquarie Law Journal, Forthcoming; UNSW Law Research Paper No. 2007-43. Available at SSRN: https://ssrn.com/abstract=996530

Ross P. Buckley (Contact Author)

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

Sydney, New South Wales 2052
Australia

Amberlee Small

O'Flynn Weese LLP ( email )

65 Bridge Street East
Belleville, Ontario K8N 1L8
Canada

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