A 2010 Congressional Research Service report found that since 1987, debt-for-nature swaps have channeled upwards of $1 billion toward tropical forest conservation initiatives instead of back into creditor nations' coffers.
For one, says the Congressional Research Service, other agreements for debt restructuring and cancellation have reduced developing nations' debt by significantly more than debt-for-nature swaps can.
So while debt-for-nature swaps are not as popular as they once were, they are still a key tool in the toolbox of environmentalists looking to promote conservation in tropical countries.
Debt-for-nature swaps do have their critics, however.
Ecuador itself has a history with debt-for-nature swaps.
sovereignty criticisms of traditional debt-for-nature swaps.
Nongovernmental conservation organizations and corporations have become involved in debt-for-nature swaps, which represent a possible simultaneous solution to these two problems.
1) Debt-for-nature swaps occur in many different forms (Hansen 1989).
The popular press has been intrigued by the idea of debt-for-nature swaps as a solution to reducing both the debt crisis and the tropical deforestation problem of Latin America.
Debt-for-nature swaps, such as this one, are designed to free up resources in debtor countries for much needed conservation activities.
WWF is one of the leading pioneers of debt-for-nature swaps worldwide.
that have been undertaken thus far respond to the priority agenda of