11.1 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

Trump threatens to end pharmaceuticals tariff exemption

US President Donald Trump says he will soon announce "major" tariffs on imported pharmaceuticals, a move that could end decades of low-cost global trade...

Russian spacecraft brings cosmonauts, astronaut to ISS – The Times of India

The Soyuz rocket was launched from Kazakhstan on Tuesday morning A Russian Soyuz MS-27 spacecraft has docked with the International Space Station (ISS)...

Best signs from the Hands Off protests denouncing the Trump administration

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the...