Ecuador Seeks a New Debt-for-Nature Swap in Less Than Two Years
- Amazon corridors are among assets considered by government
- All-in cost of Galapagos debt for nature swap reaches 11%
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Ecuador, which earlier this month completed the world’s largest so-called debt-for-nature deal, is considering a new transaction of this kind in less than two years, Finance Minister Pablo Arosemena said.
“We have several innovative and creative projects to do several types of swaps that allow us to reduce debt on one hand and monetize Ecuador’s great biodiversity,” Arosemena said in an interview Tuesday. “We think that the learning curve will allow us to put it out in less time, so it won’t take two years.”