15.9 C
Washington

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

Date:

Share:

EconomyEnvironment

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

Source link

Subscribe to our magazine

━ more like this

S&P 500 futures are little changed ahead of May jobs report: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group's IPO, in New York City,...

Labubu Mania: How BLACKPINK'S Lisa Made This Oddball Toy A Viral Must-Have | Know EVERYTHING | N18G

Last Updated:June 05, 2025, 23:00 IST LifestyleLabubu, the mischievous yet kind-hearted vinyl toy from Pop Mart’s ‘The Monsters’ series, has taken the internet...

Major data broker hack impacts 364,000 individuals’ data

NEWYou can now listen to Fox News articles! Americans’ personal data is now spread across more digital platforms than ever. From online...

Why Plant-Based Protein Fits Better With Your Skin And Gut Goals?

In today’s world of mindful eating and holistic wellness, it’s not enough for your nutrition to only build muscle or aid weight loss, it...