Definition: Debt conversion

Category: External debt - IMF

The exchange of debt for a nondebt liability, such as equity, or for counterpart funds, such as can be used to finance a particular project or policy. http://ec.europa.eu/eurostat/ramon/statmanuals/files/external_debt_guide_2003_EN.pdf#page=255
Source:
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003
Created:
Updated: