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Also referred to as a debt-for-nature swap, debt swap involves purchasing a portion of a nation’s public debt at a discount, and converting the debt into local currency to be used to finance local conservation activities, such as preserving land. This process traditionally occurs between a developing nation with large debt and one or more of its creditors, and is facilitated by international conservation organizations.

The Dictionary of Sustainable Management http://www.sustainabilitydictionary.com/ (accessed 8-26-16)

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