A Piece in the Puzzle? The Narrow Developmental Potential of Debt for Nature Swaps

Maia Colodenco (), Yanne Horas and Anahi Wiedenbrug
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Maia Colodenco: Suramericana Visión
Yanne Horas: Berlin School of Economics and Law (BSEL)
Anahi Wiedenbrug: Facultad Latinoamericana de Ciencias Sociales (FLACSO)

Development, 2024, vol. 67, issue 3, 270-279

Abstract: Abstract As developing economies today are faced with a double challenge of debt and climate crises, this article examines debt for nature swaps (D4NS) from a political economy perspective as these have featured prominently as solution on the international agenda. The article analyzes D4NS limitations and shows why they are no silver bullet. It also explores who benefits and how D4NS could be best designed to realize a developmental impact on economic, sustainability and governance related policy goals.

Keywords: Political economy; Public finance; Economic policy; Climate finance; Financial institutions (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1057/s41301-025-00427-9

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