Gabon ‘Blue Bond’ Swap Raises Hopes for Wave of African Debt-For-Nature Deals
A $436 million “debt-for-nature” swap by Gabon to fund marine conservation has backers hoping for more such money-saving environmental deals, but some investors still see room for improvement in the increasingly-popular transactions.
The central African country, whose beaches and coastal waters are home to the world’s largest population of endangered leatherback turtles, as well as Atlantic humpback dolphins, manatees and sawfish, bought back $436 million of its international bonds last week.
Photo courtesy of Ben Phillips.
Source: Reuters (link opens in a new window)
- Categories
- Environment, Investing
- Tags
- blue economy, impact bonds
