Debt-for-development exchanges are an important financing tool for
development. They make debt relief more politically and practically
attractive to donor countries, and serve the development of
recipient countries through the cancellation of external debt and
the funding of important development projects. This book commences
by chronicling the emergence of debt-for-development exchanges from
their forebears, debt-equity exchanges, and analyzes why debt for
development suffers from very few of the problems that plagued debt
equity. The book analyzes the different types of
debt-for-development exchanges and the different ways they have
been used by all donor nations that have made use of them. The book
then explores a range of critical perspectives on exchanges and
concludes by considering a wide range of new and innovative uses
for the funds generated by exchanges.
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