Debt for nature swaps: No panacea for debt sustainability

  • Debt for nature swaps have become popular as they offer a solution to the dual problems of debt crises, climate change

  • There have been four in recent years – Barbados, Belize, Ecuador, Gabon – but they have been small in size

  • Opaque structures and high transaction costs could be a deterrent to take up; they are not a substitute for sound policy
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