debt-equity swap an arrangement between a government and a foreign lender. The lender agrees to reduce the amount of the government's debt in exchange for the government spending money on developing the country债务交易协定（一国政府用本国货币从事发展项目以抵偿所欠外汇债务）◆The debt swap will generate funds for local conservation programmes.债务交易协定将为当地的水土保护计划提供资金。