Developments in Debt Conversion Programs and Conversion Activities

摘要

The objective of the paper is to amalgamate the existing literature on debtconversion 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 the paper describes recent activities in debt-for-equity swaps. Part II looks at the increased interest in other forms of conversion activities, hereinafter referred to as debt-for-development swaps, namely debt-for-nature, debt-for-education and debt-for-health care swaps. (Copyright (c) 1992 The International Bank for Reconstruction and Development/The World Bank.)