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Bahamas’ $124 million debt swap: a turning tide for ocean health and climate?

Summary by Invezz
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 Nature Conservancy, the Inter-American Development Bank…
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