Hussh | Ecuador's historic debt conversion paves the way for a paradigm shift in conservation financing

Ecuador’s historic debt conversion paves the way for a paradigm shift in conservation financing

In an unprecedented move, Ecuador has converted $1.6 billion of debt into a loan, unlocking millions of dollars for conservation efforts in this ecological haven. Ecuador’s pioneering ‘debt for nature’ swap has taken a momentous step to safeguard the unparalleled biodiversity of the Gal├ípagos Islands, renowned for their unique flora and fauna found nowhere else on the planet. The ‘debt …