Transparency and debt-for-nature swaps: towards a social license approach.
Source: National Geographic Debt-for-nature (DFN) swaps are, in simple terms, debt restructuring transactions in which debt relief is used to finance environmental projects. As explained in an early paper by Michael Occhiolini (IMF), DFN aims to benefit the debtor country, creditors, and international environmental organizations. These international organizations can reduce coordination costs for debtors and creditors, enhancing the chances… Continue reading Transparency and debt-for-nature swaps: towards a social license approach.