Concept information
Preferred term
debt swap
Definition
- A DEBT SWAP IS an arrangement that involves the conversion of overly burdensome debt obligations into new obligations. Developing countries have welcomed debt swaps as a chance to renegotiate and ease their debt burden while the creditors accepted debt swaps as an increased likelihood that they would be repaid. [Source: Encyclopedia of World Poverty; Debt Swap]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-FF13ZQRF-V
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