Question

5. Debt-for-nature swaps are financial transactions
in which a portion of a developing country's
foreign debt is forgiven in exchange for local
investments in environmental conservation
measures. Which of the following explains the
significance of debt-for-nature programs?

Answer 1

Answer:

B). The programs provide a sustainable-development approach to reducing uneven levels of development between countries.

Explanation:

As per the question, the second option correctly displays the importance of programs under 'debt-for-nature' that 'these programs offer an approach of sustainable development in order to bring reduction to the unequal degree of developments among countries.' They assist in deploying the resources in order to safeguard the nature of developing countries by financially helping them. The financial help is provided by the developed countries to developing countries on the terms that the amount would be spent on the conservation of nature and its resources. This promotes continuous development where we not only consider our present needs but also look for the future. Thus, option B is the correct answer.

Answer 2

The significance of the debt-for-nature programs can be explained as "The programs provide a sustainable-development approach to reducing uneven levels of development between countries."

What is debt-for-nature program?

The debt-for-nature program is a tool used by to promote contribution in environmental conservatism. A debt-for-nature swap involves purchase of  foreign debt, conversion of it into local currency and then using the same for  conservation activities.

The main benefit that can be derived from the program is the promotion of  sustainable development and  equal development between countries.

Therefore the correct option is B.

Learn more about debt-for-nature program here:

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