Journal of Foreign Legislation and Comparative Law
Reference:
M.N. Kopylov, E.R. Basyrova
A Glimpse at «Debt–for–Nature Swaps» in the Light
of the Principle of Permanent Sovereignty
of States Over their Natural Resources
// Journal of Foreign Legislation and Comparative Law.
2011. ¹ 5.
P. 112-119.
URL: https://en.nbpublish.com/library_read_article.php?id=58927
M.N. Kopylov, E.R. Basyrova A Glimpse at «Debt–for–Nature Swaps» in the Light
of the Principle of Permanent Sovereignty
of States Over their Natural Resources
Abstract:
This paper analyzes «Debt–for–Nature Swaps» concluded by the states of North America, Latin America,
Europe, Africa and Southeast Asia. The characteristic features of three types of «Debt–for–Nature Swaps»: commercial
or three–party, bilateral and multilateral — are examined. The legal content of the principle of permanent
sovereignty of states over their natural resources is explained and it is concluded that «Debt–for–Nature Swaps»,
not only do not contradict this principle, but on the contrary, contribute to its implementation in practice. The ways,
suggested by the authors, how further improve «Debt–for–Nature Swaps» include, inter alia, the spread of their application
to the spheres of sanitation, water supply, infrastructure development, the mechanisms of combating global
climate change.
Keywords:
Debt–for–Nature Swap; World Wildlife Fund; principle of permanent sovereignty of states over their n
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