News Ecuador Debt: Exclusive-Ecuador examining new Amazon and Ocean linked debt-for-nature swaps, sources say
LONDON (Reuters) -Ecuador is scoping out new debt-for-nature swaps, one to funnel funds into the Amazon rainforest and another for a giant ocean protection zone backed by Hollywood star Leonardo DiCaprio, people familiar with the matter have told Reuters. The South American country is looking to build on the record-breaking $1.6 billion debt swap it arranged for its Galapagos Islands last year. While the government is now focused on tackling drug-fuelled organised crime and securing a new IMF deal, sources said officials have been working with multilateral development banks and conservation groups for months on at least two possible debt swaps in the hope of doing something this year.
News Ecuador Debt: Ecuador’s outstanding debt: To pay or not to pay
When the rhetoric didn’t go away, however, the bonds started to fall – and then Correa’s finance minister, Ricardo Patino, held a disastrous meeting in Quito with Citibank clients, in which he talked ...
News Ecuador Debt: Ecuador’s next debt-for-nature deal falls short of Indigenous involvement
In December 2024, Ecuador completed a debt-for-nature swap to support Amazon conservation through the creation of the Amazon Biocorridor. While this provides economic relief, Amazonian leaders contend they were not included as key participants in the corridor’s design or funding decisions. What is a debt-for-nature swap? A debt-for-nature swap is an agreement in which a […]
News Ecuador Debt: Ecuador completes $1.5 billion debt swap for Amazon conservation
Ecuador has completed its second debt-for-nature swap, this time unlocking $460 million to protect and manage the forests and wetlands of its Amazon rainforest, NGO The Nature Conservancy said on Tuesday. By buying-back over $1.5 billion of its discounted existing bonds with cheaper new money, Ecuador will realise almost half a billion dollars of savings over a 17-year period to invest in conserving the terrestrial and freshwater ecosystems of the Amazon. The Amazon Biocorridor Program aims to improve the management of 4.6 million hectares (11.37 million acres) of existing protected areas while protecting an additional 1.8 million hectares of forests and wetlands.
News Ecuador Debt: Ecuador extends Galapagos reserve forming a string of protected areas along the Pacific to Central America
Ecuador has created the marine reserve north of the Galapagos Islands in the Pacific helping to form a ring of protected areas, along the South American north Pacific rim that will include Colombia's Malpeso island, Panama's Coiba islands and Costa Rica Cocos islands.
News Ecuador Debt: Silver X Announces Shares for Debt Transaction
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES VANCOUVER, BC / ACCESSWIRE / January 24, 2022 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:WRPSF) ...
News Ecuador Debt: A ‘more ambitious’ plan to protect the Amazon
The Amazon rainforest is vanishing at an alarming rate. But the Amazon Sacred Headwaters Initiative has a new proposal that could help protect it.
News Ecuador Debt: Top Trade Forecasts For 2022
Global trade will present businesses, banks, and investors with three political and legal risks in 2022, writes Raj Bhala.
News Ecuador Debt: LUNDIN GOLD ACHIEVES COMPLETION MILESTONE UNDER ITS PROJECT FINANCE DEBT
Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) ("Lundin Gold" or the "Company") is pleased to announce that it has achieved Project Completion, as defined under its senior debt facilities, at the ...
