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Debt-for-nature Swap
Debt-for-nature swaps are financial transactions in which a portion of a developing nation's foreign debt is forgiven in exchange for local investments in environmental conservation measures. History The debt-for-nature swaps concept was first given birth by Thomas Lovejoy of the World Wildlife Fund in 1987 as an opportunity to deal with the problems of developing-nation indebtedness and its consequent deleterious effect on the environment. In the wake of the Latin American debt crisis that resulted in steep reductions to the environmental conservation ability of highly indebted nations, Lovejoy suggested that ameliorating debt and promoting conservation could be done at the same time. Since the first swap occurred between Conservation International and Bolivia in 1987, many national governments and conservation organizations have engaged in debt-for-nature swaps. Most swaps occur in tropical countries, which contain many diverse species of flora and fauna. Also, countries that have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Developing Nation
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt-for-equity Swap
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called "refinancing". Out-of-court restructurings, also known as s, are increasingly becoming a global reality. Motivation Debt restructuring involves a reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt restruct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental Conservation
*Environmental protection Environmental protection is the practice of protecting the natural environment by individuals, organizations and governments. Its objectives are to conserve natural resources and the existing natural environment and, where possible, to repair dam ... * Nature conservation {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Imperialism
Green imperialism or eco-imperialism or eco-colonialism or environmental imperialism is a derogatory epithet alluding to what is perceived as a Western strategy to influence the internal affairs of mostly developing nations in the name of environmentalism. Etymology The sceptical perception of the Brundtland report by the Third World elites was summarized as ''green imperialism'' by Helge Ole Bergesen in 1988. In 1999, the same meaning was used by Deepak Lal in his book ''"Green Imperialism: A Prescription for Misery and War in the World's Poorest Countries"''. Nonetheless, the same term is used differently in Richard Grove's book ''"Green Imperialism: Colonial Expansion, Tropical Island Edens and the Origins of Environmentalism 1600–1860"'' in 1995. In Grove's book, it means the impact of utopian tropical islands on European data-driven scientists resulting in early environmentalism. The first mentions of the terms environmental colonialism or eco-colonialism appeared in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eco-colonialism
Green imperialism or eco-imperialism or eco-colonialism or environmental imperialism is a derogatory epithet alluding to what is perceived as a Western strategy to influence the internal affairs of mostly developing nations in the name of environmentalism. Etymology The sceptical perception of the Brundtland report by the Third World elites was summarized as ''green imperialism'' by Helge Ole Bergesen in 1988. In 1999, the same meaning was used by Deepak Lal in his book ''"Green Imperialism: A Prescription for Misery and War in the World's Poorest Countries"''. Nonetheless, the same term is used differently in Richard Grove's book ''"Green Imperialism: Colonial Expansion, Tropical Island Edens and the Origins of Environmentalism 1600–1860"'' in 1995. In Grove's book, it means the impact of utopian tropical islands on European data-driven scientists resulting in early environmentalism. The first mentions of the terms environmental colonialism or eco-colonialism appeared in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Parks
A national park is a natural park in use for conservation purposes, created and protected by national governments. Often it is a reserve of natural, semi-natural, or developed land that a sovereign state declares or owns. Although individual nations designate their own national parks differently, there is a common idea: the conservation of 'wild nature' for posterity and as a symbol of national pride. The United States established the first "public park or pleasuring-ground for the benefit and enjoyment of the people", Yellowstone National Park, in 1872. Although Yellowstone was not officially termed a "national park" in its establishing law, it was always termed such in practice and is widely held to be the first and oldest national park in the world. However, the Tobago Main Ridge Forest Reserve (in what is now Trinidad and Tobago; established in 1776), and the area surrounding Bogd Khan Uul Mountain (Mongolia, 1778), which were restricted from cultivation in order to prot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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