910716 Financial Post, Weekly edition, Tue 16 Jul 91, page 10.
Donors have to be found willing to buy debt in exchange for environmental projects.
However, Latin American debt is a bargain for donors. Donors convert the face value of the foreign debt to domestic currency and use it locally to fund environmental conservation projects. Even with the help of these discounted rates, the amount of debt exchanged so far is a pittance relative to the total. There can be problems from the standpoint of the recipient countries. They have to meet certain environmental conditions in exchange for the debt swap.