Last year, Ecuador completed the largest debt-for-nature exchange in history… US$1.6 billion, equivalent to 5% of Ecuador’s foreign debt.
While reduction of government debt is a good thing, the new money that Ecuador has pledged to the Galapagos because of the exchange could end up making matters worse for conservation — not better.
Galapagos is a prime example of how damaging a closed border policy can be.
https://stacker.news/items/659436/r/oliverweiss
Jan1st
npub1l0…2rtcc
2024-08-23 19:51:45
Author Public Key
npub1l0d9cgqusks3d6avcxeh0ny2dwyxmynkh7sh4fh6s4z579cyg27qm2rtccPublished at
2024-08-23 19:51:45Event JSON
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"content": "Last year, Ecuador completed the largest debt-for-nature exchange in history… US$1.6 billion, equivalent to 5% of Ecuador’s foreign debt.\n\nWhile reduction of government debt is a good thing, the new money that Ecuador has pledged to the Galapagos because of the exchange could end up making matters worse for conservation — not better.\n\nGalapagos is a prime example of how damaging a closed border policy can be.\n\nhttps://stacker.news/items/659436/r/oliverweiss",
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