“Debt-for-Nature” Deals: How Ecuador and Other Countries Are Reducing Debt While Helping the Planet
On May 9, Ecuador’s record-breaking “debt-for-nature” deal made history: The country sold $1.6 billion worth of bonds to the bank Credit Suisse, which freed up funds that will be used for conservation of its renowned Galapagos Islands. This marked the world’s largest “debt-for-nature” swap to date. The Galapagos Islands is an archipelago celebrated for its […]
