What is a debt for nature exchange?

Debt for Swap Nature is an agreement between the emerging nation in debt and one or more of its creditors. Many development nations are strictly limited by the huge debts that have accumulated. In A Debt for Nature Swap, Creditors Agree to ForGive Debts in Return for the Promise of Environmental Protection. Developing Nations 2) Minimiz the Environmental Destruction that Developing Nations Frequently Cause. The first case of this kind of agreement came in 1987 between the protective group and Bolivia. The Nature Conservation Group paid part of Bolivia's debt in return for the creation of a large mainstream preservation.

Other countries that participated in debt for naturalSwaps, include Costa Rica, Ecuador and Philippines. Promised protection recovery often serves as a block of injury in such agreements.