The Call On the Wild
The government is setting up a mechanism by which debt repayment is to be swapped for funds to conserve nature. But the threat of irregularities loom large.
October 9, 2001
Repayment of debt goes into the payee's own account. Strange but true. The government is now setting up a mechanism in which repayment of part of its foreign debt goes to financing natural resources conservation programs and social development in Indonesia. This is better known as the debt-for-nature & development swap (DNDS). The certainty that DNDS will be part of the negotiations between the Finance Minister and creditor countries like the ...