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28 Colum. J. Transnat'l L. 331 (1990)
A Debt-for-Nature Blueprint

handle is hein.journals/cjtl28 and id is 339 raw text is: Articles A Debt-for-Nature Blueprint J. EUGENE GIBSON* RANDALL K. CURTIS** TABLE OF CONTENTS I. Introduction ............................................ 332 II. The Debt-for-Nature Mechanism ....................... 335 A. Purchasing Debt in the Secondary Market ......... 335 B. The Relationship Between the Local and International NGOs ................................ 340 C. Negotiating with the Debtor Government .......... 345 D. Preventing Inflation ................................ 351 III. Debt-for-Nature Swaps In Latin America ............... 354 A . Bolivia ............................................ 354 B. Ecuador ........................................... 359 C. Costa Rica ......................................... 364 IV. Debt Donations By Commercial Banks .................. 372 A. Tax Treatment of Bank Debt Donations Under Revenue Ruling 87-124 ............................ 373 B. Charitable Deduction Requirements Under IR C § 170 ......................................... 376 C. Source of Loss Rules ............................... 380 D. Incentives for Debt Donation ...................... 382 V. Public Sector Initiatives ................................. 385 A. Multilateral Development Banks ................... 385 * J. Eugene Gibson - B.A. Tulane University 1976, M.A. Tulane University 1978, J.D. University of Miami 1984. Mr. Gibson is a Washington attorney who advises nongovernmen- tal organizations on debt conversions. ** Randall K. Curtis - B.A. Bowdoin College 1972, M.I.M. American Graduate School of International Management 1979. Mr. Curtis is the Director of Debt Exchange and Costa Rica Country Programs for The Nature Conservancy.