Table 1 Recent Debt-for-Nature Swaps (DNS)

								(US$ '000)
			Face	Conservation	Purchase	Redemption		Source of
Country	Year	Cost	value	funds	price %	price %	Leverage	Funds
Brazil	1992	748	2,200	2,200	34	100	2.9	CI
Panama	1992	7,500	30,000	25	100	4	n.a.	CI
Bolivia1	1992	0	11,500	2,760	0	24	n.a.	WWF, CI
Philippines	1993	13,000	19,000	17,700	68.4	93.2	1.4	WWF
Madagascar	1993	1,500	3,000	3,000	50	100	2	WWF

Notes:

1 Debt donated by J. P. Morgan. n.a. = not applicable; CI = Conservation International WWF = World Wildlife Fund.

Source: World Bank, 1993.