Debt-For-Equity Swaps Provide

Multiple Choice

Debt-for-equity swaps provide:

A) advantages to the less-developed country (LDC) in that they gain new debt in exchange for equity
B) advantages to LDCs as they are able to acquire hard currency debt for local currency equity
C) disadvantages to the LDC as they are able to retire expensive hard currency debt for local currency equity
D) advantages to LDCs as they are able to retire expensive hard currency debt for local currency equity