Answer:
Part of a developing nation's debt is forgiven by wealthy nations if they promise to protect natural areas in their country.
Step-by-step explanation:
Biodiversity
This is simply defined as arrays or wide ranges of plant and animal life in a particular habitat/world. It is also known as the types of organisms in a given area, the genetic differences within a population, the types of species in a community, or the different types of communities in an ecosystem.
Endangered Species
This is simply known as species whose are limited in numbers. That is the species is at risk of extinction.
Debt for nature swap
This was a form of deal made by agencies such as the World Bank with third world countries. The deals focus was that they will cancel their debt if the country will set aside a certain amount of their natural resources.
It is also known as the forgiveness or clearing of international debt in exchange for nature protection in developing countries.
Advantage and disadvantage of debt-for-nature swaps
Advantage
(1) There is an expansion of purchasing power cash donations by converting.
(2) It create an avenue for channeling spending toward goals of local environmentalist group.
3. Reduce outstanding debt etc.
Disadvantage
(1) It legitimizes debt, admitting must be repaid or repurchased.
(2) The Willingness of the debtor government to undergo the swap is small to its interest in spending local currency generated on specific environmental projects, less accuracy that funding will forthcoming than debt-for-equity swaps.