The Call On the Wild

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 ...