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 world's first of its kind, to fund the protection of a coral-rich area in the Indian Ocean, reflecting a growing trend among poorer nations to use such deals for conservation efforts.
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.
