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Ecuador strikes a landmark deal to save nature, and some cash

Por: The Boston Globe World May 10, 2023

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Ecuador announced a record-setting deal Tuesday designed to reduce its debt burden and free up hundreds of millions of dollars to fund marine conservation around the Galápagos Islands, an archipelago of unique biodiversity that’s famous for inspiring Darwin’s theory of evolution.The arrangement, known as a debt-for-nature deal, is a bit like refinancing a mortgage, only for government bonds.Gustavo Manrique Miranda, the Ecuadorian foreign... + full article



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