Developments in debt conversion programs and conversion activities

Toward the end of the 80s, after a rapid expansion in debt swaps in 1987 and 1988, some countries began suspending debt conversion programs in the face of concerns about the domestic liquidity implications of such operations, the lack of additionality of associated investments, and pricing. The rece...

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Bibliographic Details
Main Author: Sung, Woonki
Corporate Author: Banco Mundial
Other Authors: Troia, Rosaria
Format: Book
Published: Washington, D.C. World Bank 1992
Series:World Bank technical paper no. 170
Subjects:
Description
Summary:Toward the end of the 80s, after a rapid expansion in debt swaps in 1987 and 1988, some countries began suspending debt conversion programs in the face of concerns about the domestic liquidity implications of such operations, the lack of additionality of associated investments, and pricing. The recent revival in debt swaps, however, has an added attraction: they facilitate the privatization movements in highly-indebted countries. The objective of this paper is to amalgamate the existing literature on debt conversion in a concise and unique manner. The recurrent theme of the paper is the link between debt conversion, foreign investment and privatization. Part I of this paper describes recent activities in debt-for-equity swaps. Part II looks at the increased interest in other forms of conversion activities, such as debt-for-development swaps, namely debt-for-nature, debt-for-education and debt-for-health care swaps.
Physical Description:viii, 46 p. : il.
Bibliography:Incluye bibliografía
ISBN:082132103X
ISSN:0253-7494