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Ecuador , Thursday 15 October 2026

Exclusive-Ecuador examining new Amazon and Ocean linked debt-for-nature swaps, sources say

Published on: Tuesday 23 April 2024

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 source: https://finance.yahoo.com/news/exclusive-ecuador-examining-amazon-ocean-113518907.html

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