EconomyEnvironment26 September 2024, 5:56 pm 1 minute

Reuters exclusively reported that at least five African countries are working on what could be the world’s first joint “debt-for-nature” swap to raise at least $2 billion to protect a coral-rich swathe of Indian Ocean. Debt-for-nature deals are becoming increasingly popular for poorer nations to pay for conservation.  

Market ImpactEcuador, Barbados, Belize, Gabon and Seychelles have all made such swaps in recent years, but the African initiative would be the first to involve multiple countries sharing a distinct ecosystem.
Article TagsTopics of Interest: EconomyEnvironmentType: Reuters BestSectors: Climate ChangeEconomy & PolicyRegions: AfricaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Important Regional Story