Debt-for-development exchanges are an important financing tool for development. They make debt relief more politically and practically attractive to donor countries and serve the development of recipient countries through the cancellation of external debt and the funding of important development projects. This book commences by chronicling the emergence of debt-for-development exchanges from their forebears, debt-equity exchanges, and analyzes why debt for development suffers from very few of the problems that plagued debt equity. The book analyzes the different types of debt-for-development exchanges and the different ways they have been used by all donor nations that have made use of them. The book then explores a range of critical perspectives on exchanges and concludes by considering a wide range of new and innovative uses for the funds generated by exchanges. Contents: Part I. Types of Exchanges and Their Development Over Time: 1. The early years - the evolution of the technique Ross P. Buckley; 2. Debt-for-nature exchanges Ross P. Buckley and Steven Freeland; 3. Other debt-for-development exchanges Ross P. Buckley; Part II. Exchanges by Donor Countries: 4. United States debt exchanges Ross P. Buckley and Steven Freeland; 5. Italian exchanges Ross P. Buckley; 6. German exchanges Ross P. Buckley; 7. French exchanges Ross P. Buckley; 8. Other donor nations' exchanges Ross P. Buckley; 9. Debt-for-development in Australia: past, present and future Luke Fletcher and Adele Webb; Part III. Critiques of Exchanges: 10. Debt audits as the necessary precondition to credible exchanges Julia Roy; 11. A different view on the use of illegitimate debt in exchanges: reflections on an all too real case Jurgen Kaiser; 12. The human rights dimension in exchanges Gillian Moon; 13. Bangladesh's experience with exchanges: liability to potentia M. D. Shamsuddoha; 14. The Philippines experience with exchanges Joffre Balce; Part IV. New and Innovative Applications of Exchanges: 15. Farmer managed natural regeneration: a land rehabilitaton technique well adapted to funding by exchanges Tony Rinaudo; 16. Restoring mangroves in the Philippines Ross P. Buckley; 17. Poverty reduction through social protection: a potential form of debt-for-development exchange John Langmore; 18. Climate change adaptation exchanges: an exploration of the possibilities and risks Philip Ireland; 19. Climate change and food security: building resilience by means of climate field schools Alicia C. Qian and Tanvir Uddin; 20. Debt-for-security exchanges Ross P. Buckley; 21. Promoting good governance through ICT systems: improving transparency and reducing corruption Emmanuel T. Laryea; 22. Promoting citizen action and voice through exchanges Bill Walker; 23. Conclusion Ross P. Buckley.
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