Poverty & Social Development: A Caribbean Perspective

Swapping the Debts for Social Investments

“Debt Swaps” also known as the process of forgiving monetary debts in exchange of certain priority actions by debtors, has been part of the agenda brought-forth by some members of CARIFORUM in meetings with the European Union, see here.

By emphasizing the importance of an action plan toward the implementation of social investment schemes, this debt swaps proposal, is indeed interesting to help focus on restructuring strategies, to carry-out economic and social change through debt reductions that can also reach out to public and private creditors.

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