Debt Swap Programmes
Debt swap programmes involve exchanging a country's debt for investments in development projects. These initiatives aim to alleviate financial burdens while promoting economic growth. They often focus on sectors like education, health, and infrastructure. By converting debt into funding, nations can enhance their social and economic conditions. Such programmes can foster international cooperation and support sustainable development goals.
China's local governments face an important debt crisis. Authorities have increased the debt limit for local governments by...
November 11, 2024