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debt-for-nature swap

Agreement in which a certain amount of foreign debt is canceled in exchange for local currency investments that will improve natural resource management or protect certain areas in the debtor country from harmful development.

Subject: 
Environmental Science [1]
Vocabulary: 
Chapter 23 - Sustaining Terrestrial Biodiversity: The Ecosystem Approach. [2]

Source URL:https://course-notes.org/glossary/term/debt_for_nature_swap_0#comment-0

Links
[1] https://course-notes.org/subject/environmental_science [2] https://course-notes.org/vocabulary/chapter_23_sustaining_terrestrial_biodiversity_the_ecosystem_approach