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OECD Papers

OECD Papers provides access to a collection of substantive papers not published as books or articles in other OECD series or journals. All subjects are covered, from the latest OECD research on macroeconomics and economic policies, to work in areas as varied as employment, education, environment, trade, science and technology, development and taxation. OECD Papers are available on a subscription basis. Now a part of the OECD Journal

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Lessons Learnt from Experience with Debt-for-Environment Swaps in Economies in Transition

This report summarises the major lessons learnt from the experience with debt-for-environment swaps (DFES) in selected transition economies of Central and Eastern Europe, Caucasus and Central Asia. It presents the key steps in designing, negotiating and implementing DFES in low-income countries that have accumulated significant external debt and face challenges with servicing this debt. The report draws primarily on the experience of Poland, Bulgaria, Georgia and the Kyrgyz Republic but relevant cases and lessons from other countries in the world are included, as appropriate.

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