My Financial News from Ecuador, Debt

from Bing and Google News
Ecuador , Thursday 15 October 2026

Ecuador completes $1.5 billion debt swap for Amazon conservation

Published on: Monday 16 December 2024

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 source: https://finance.yahoo.com/news/ecuador-completes-1-5-billion-090623501.html

Share this news on:  

RELATED NEWS

» Exclusive-Ecuador examining new Amazon and Ocean linked debt-for-nature swaps, sources say
» Ecuador’s outstanding debt: To pay or not to pay
» Ecuador’s next debt-for-nature deal falls short of Indigenous involvement
» Ecuador completes $1.5 billion debt swap for Amazon conservation
» Ecuador extends Galapagos reserve forming a string of protected areas along the Pacific to Central America

HEADLINE NEWS