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Debt-for-Nature Swap Initiative
July 28 , 2023
358 days
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- The Central African nation Gabon became the African nation to launch a debt-for-nature swap.
- It plans to buy up at least $450 million of its government debt in exchange for an eco-friendly blue bond.
- Debt-for-nature swap is when creditors provide debt relief for developing countries who commit to taking steps towards the conservation of the environment.
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