African 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


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Reuters exclusively reported that no less than 5 African nations are operating on what may well be the arena’s first joint “debt-for-nature” switch to boost no less than $2 billion to offer protection to a coral-rich swathe of Indian Ocean. Debt-for-nature do business in are turning into an increasing number of common for poorer international locations to pay for conservation.  

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Ecuador, Barbados, Belize, Gabon and Seychelles have all made such swaps lately, however the African initiative will be the first to contain a couple of nations sharing a definite ecosystem.

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