News • May 16, 2023
Ecuador Debt-for-Nature Swap in the Galapagos Islands Launched
On May 9th 2023, Ecuador’s government successfully completed the Galapagos Debt for Nature swap, repurchasing USD 1.6 billion worth of Ecuador’s outstanding bonds at approximately 40 cents on the dollar. The operation will save Ecuador USD 1.1 billion in debt service repayments over the next 17 years, with USD 450 million invested in conservation and […]
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