Debt for Nature Swaps in Latin America
Latin America is currently in a debt crisis. Poor management, over lending by banks, and a bad turn in the world economy has produced severe debt that is forcing these countries to exploit their natural resources in an attempt to ease their economic problems. However, many individuals and organizations have seen a silver lining to this cloud and are now buying debts (at a discounted rate) and giving them back to the debtor countries in …
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…of the land. Why not take advantage of Latin Americas bad situation and use it to hold on to valuable land until they are out of crisis and the land is safe? Wait for better economic and ecological conditions. Its cheaper than buying the land and paying taxes on it so just write off a bad loan
ROUGH DRAFT
PROF. FRIEDMAN
MIKE WEBB
ROUGH DRAFT
PROF. FRIEDMAN
MIKE WEBB
ROUGH DRAFT
PROF. FRIEDMAN
MIKE WEBB
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