Supporting debt-for-education swaps

Description

Supporting debt-for-education swaps involves negotiating agreements where a portion of a country's external debt is forgiven or restructured in exchange for government commitments to invest equivalent funds in education. This strategy directly addresses the dual challenges of unsustainable debt burdens and underfunded education systems, enabling debtor nations to redirect financial resources towards improving educational access, quality, and infrastructure, while creditors contribute to social development and stability in low- and middle-income countries.

Implementation

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.