(also debt-for-nature swap)
Definition of debt swap in English:
An arrangement whereby a foreign debt owed by a developing country is transferred to a particular organization, typically in return for the country’s committing itself to specified conservation measures.
- Indeed, local banks and pension funds may be wagering that an orderly restructuring - which is what the debt swap really is - is preferable to a messy default that would leave investors much worse off.
- It was the first bilateral debt swap agreement to be signed by the Indonesian and German governments, the embassy said.
- But many observers feel that well-negotiated debt swaps give developing countries access to international goodwill and additional financial resources, he added.
Definition of debt swap in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia