Bahamas’ $124 million debt swap: a turning tide for ocean health and climate?
Friday, 22 November 2024 () In a groundbreaking move, the Bahamas announced a $300 million debt refinancing deal that will unlock over $120 million for marine conservation and climate change mitigation. This innovative approach, a debt-for-nature swap, marks the fifth such agreement globally and underscores the Bahamas’ commitment to protecting its renowned turquoise waters. The Bahamian government partnered with The […]
Friday, 22 November 2024 ()
In a groundbreaking move, the Bahamas announced a $300 million debt refinancing deal that will unlock over $120 million for marine conservation and climate change mitigation. This innovative approach, a debt-for-nature swap, marks the fifth such agreement globally and underscores the Bahamas’ commitment to protecting its renowned turquoise waters. The Bahamian government partnered with The […]