15 May 2023
“Galapagos Bond” – world’s largest debit-for-nature swap
On May 9, Ecuador launched a plan that would effectively wipe out the interest on part of its debt in exchange for its protection of the Galápagos Islands, one of the most biodiverse marine regions in the world. The strategy will allow Ecuador to convert $1.6 billion of its existing commercial debt into a $656 […]