A Quick Summary
Reuters reported that at least five African countries are collaborating on a potential $2 billion joint "debt-for-nature" swap, which would be the first of its kind globally, to fund the protection of a coral-rich area in the Indian Ocean, highlighting the growing popularity of such deals for conservation in poorer nations.
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.
The post African countries eye world’s first joint ‘debt-for-nature’ swap appeared first on Reuters News Agency.
