Debt-for-Nature Swaps

2 years ago

What is a debt-for-nature swap?
Debt-for-nature deals or green bonds allow countries with debt problems to ease their difficulties in exchange for nature conservation.

Which countries are doing debt-for-nature deals?
Sources close to Sri Lanka say a $960 million deal is on the table for the island nation. Cape Verde is waiting to do a deal for $192 million. Ecuador is currently negotiating with investors and NGOs to get $770 million of its debt refinanced more cheaply.

What are blue bonds?
In 2015 the Seychelles signed a deal following eight years of talks which created the world's first blue bond. This agreement saw the government commit to protect 30% of its waters from overfishing and development.
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debt-for-nature swap / green bond: a deal in which a country with debt problems agrees to ease their difficulties in exchange for nature conservation

blue bond: a  type of bond used to finance ocean conservation

national debt: the money that a country owes to other countries or organizations

conservation: the protection of animals, plants, and natural resources

overfishing: catching too many fish in an area so that the fish population decreases
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Do you think that debt-for-nature deals are a good way for countries to ease their debt problems?
How do you feel about developed countries taking advantage of developing countries in this way?
What do you think should be done in order to help developing countries with their debt problems?
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Source: https://www.euronews.com/green/2022/11/27/ecuador-seychelles-sri-lanka-could-these-countries-solve-their-nation-debt-through-conserv
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