DEVLIN, Robert
Canje de deuda por necesidad de una nueva agenda - São Paulo : Nobel, jul./set. 1993
Debt for nature swaps generally involve significant fiscal costs. As for the benefits for the developing country and its government, they are potentially ambiguous. The projects financed by the swaps typically involve the protection of exotic flora and fauna in which a considerable part of the social returns are externalized to the rest of the world. This, coupled with high social rates of discount in crisis-ridden developing countries, could mean that thc benefits accrued to the international community actually end up exceeding those perceived by the population at large in debtor country
Canje de deuda por necesidad de una nueva agenda - São Paulo : Nobel, jul./set. 1993
Debt for nature swaps generally involve significant fiscal costs. As for the benefits for the developing country and its government, they are potentially ambiguous. The projects financed by the swaps typically involve the protection of exotic flora and fauna in which a considerable part of the social returns are externalized to the rest of the world. This, coupled with high social rates of discount in crisis-ridden developing countries, could mean that thc benefits accrued to the international community actually end up exceeding those perceived by the population at large in debtor country
