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Science & Environment

African countries eye world’s first joint ‘debt-for-nature’ swap  | Reuters News Agency

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EconomyEnvironment

26 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 Impact

Ecuador, 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 Tags

Topics of Interest: EconomyEnvironment

Type: Reuters Best

Sectors: Climate ChangeEconomy & Policy

Regions: Africa

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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