DiCaprio-Backed Deal Helps Protect Ocean Larger than Germany - OrissaPOST

Leonardo DiCaprio’s foundation gave $1 million to a Seychelles debt-swap deal; by 2020, the wider project had helped the island nation protect 410,000 sq km of ocean, an area larger than Germany

Seychelles protected 30% of its ocean by 2020 through a debt conversion deal linked to long-term conservation. The plan safeguards 410,000 sq km of ocean, while allowing sustainable fishing, tourism and other economic activities. Leonardo DiCaprio Foundation was among the private funders supporting the financial transaction.

DiCaprio-backed deal helps protect ocean larger than Germany - OrissaPOST

A landmark debt-swap deal backed by Leonardo DiCaprio’s foundation helped Seychelles convert foreign debt into funding for long-term ocean conservation. The arrangement helped the island nation expand its protected ocean area from just 0.04% of its Exclusive Economic Zone to 30% by 2020. Under the deal, $21.6 million in foreign debt was restructured in exchange […]