Contract Mechanism of “Debt-for-Nature” Exchange
The article analyzes “Debt-for-Nature Swaps” concluded by the states of North America, Latin America, Europe, Africa and Southeast Asia. The characteristic features of three types of “Debt-for-Nature Swaps” ‒ commercial or three-party, bilateral and multilateral ‒ are examined. The legal content of...
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| Main Authors: | , |
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| Format: | Article |
| Sprog: | engelsk |
| Udgivet: |
Moscow State Institute of International Relations (MGIMO)
2011-12-01
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| Serier: | Московский журнал международного права |
| Fag: | |
| Online adgang: | https://www.mjil.ru/jour/article/view/519 |
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| Summary: | The article analyzes “Debt-for-Nature Swaps” concluded by the states of North America, Latin America, Europe, Africa and Southeast Asia. The characteristic features of three types of “Debt-for-Nature Swaps” ‒ commercial or three-party, bilateral and multilateral ‒ are examined. The legal content of the principle of permanent sovereignty of states over their natural resources is explained and it is concluded that “Debt-for-Nature Swaps”, not only do not contradict this principle, but on the contrary, contribute to its implementation in practice. The ways, suggested by the authors, how further improve “Debt-for-Nature Swaps” include, inter alia, the spread of their application to the spheres of sanitation, water supply, infrastructure development, the mechanisms of combating global climate change. |
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| ISSN: | 0869-0049 2619-0893 |