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

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


    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



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