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| Author: | Burton, J. |
| Title: | Back to nature - the financial way |
| Journal: | Banker
1988 : DEC, VOL. 138:754, p. 22-23, 25 |
| Index terms: | DEBT FINANCING CONSERVATION |
| Language: | eng |
| Abstract: | Review of the moves to convert Third World debt with debt-swapping devices, linked to conservation programmes. Sale of debts at a market discount. Holding of most developing country debt by US. Purchase of Bolivia's commercial debt by US Conservation International using Citicorp Investment Bank. No tax advantage to US banks donating debts. Swap of World Wildlife Fund in Costa Rica. Plans for further debt-for-nature swaps. LDC debt indicative prices are given, and two boxes cover the Ecuador and Costa Rica - WWF swaps. |
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