This article proposes and analyses a ‘debt-for-investment’ project between the Australian and Philippine Governments as a means for Australia to enhance greatly the effectiveness of its debt relief and aid efforts for the Philippines. Debt-for-investment can serve the interests of the Australian and Philippine Governments and the poorest Filipino communities. This project would reduce the risk of transnational threats including terrorism and an avian flu epidemic and help the Philippines achieve the Millennium Development Goals (‘MDGs’) by 2015. It would also strengthen the existing relationship between Australia and the Philippines, and allow Australia to join the ranks of developed nations engaging in debt swaps with developing nations.
Law and Economics
Date of this Version
Ross P. Buckley and Amberlee Small, "Leveraging Australia’s Debt Relief to the Philippines Through Debt-For-Investment Projects" (June 2007). University of New South Wales Faculty of Law Research Series. Working Paper 43.