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  • Beverley Morel

Swapping “debt for nature” This is fantastic.

In April, Ecuador converted $1.6 billion (€1.5 billion) of its existing debt, with the help of the Pew Bertarelli Ocean Legacy Project and other partners, into a $656 million (€599 million) loan financed through a bond issued by global investment bank Credit Suisse.

This is the world's biggest 'debt for nature' deal to protect the Galápagos Islands. Amazing!!!

Announced on Tuesday 9 May, is the largest of its kind ever made.

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