JOURNAL ARTICLE

Gabon: Debt for Nature Swap.

  • Published In: Africa Research Bulletin: Economic, Financial & Technical Series, 2023, v. 60, n. 8. P. 24419C 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

Gabon has restructured a small portion of its debt in return for $163m in funds to protect its oceans, the government and an NGO said on August 15th. The debt-for-nature swap, covering about 3% of Gabon's debt, marks "the start of a 15-year conservation project... to help Gabon finance ocean protection and management for 30% of its ocean", said US-based NGO B The Nature Conservancy (TNC b ). The debt conversion enables Gabon to refinance $500m of its national debt in a way that secures funding for marine conservation activities and a clampdown on illegal fishing. [Extracted from the article]

Additional Information

  • Source:Africa Research Bulletin: Economic, Financial & Technical Series. 2023/10, Vol. 60, Issue 8, p24419C
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2023
  • ISSN:2053-227X
  • DOI:10.1111/j.1467-6346.2023.11274.x
  • Accession Number:172913079
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