Debt-for-Nature swaps in Latin America

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ESSAY DETAILS Words: 1947
Pages: 7
(approximately 235 words/page)

Essay Database > Law & Government > Government & Politics
Latin America is currently in a debt crisis. Poor management, over lending by banks, and a bad turn in the world economy has produced severe debt that is forcing these countries to exploit their natural resources in an attempt to ease their economic problems. However, many individuals and organizations have seen a silver lining to this cloud and are now buying debts (at a discounted rate) and giving them back to the debtor countries in …

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showed last 75 words of 1947 total