Portugal Exchanges €15.3 Million of Cape Verde Debt for Nature Investments
Mar 16,2024 | DAXTROMNSOLAR
Portugal has recently announced an innovative debt swap with Cape Verde, where it will exchange €15.3 million of Cape Verde's debt for investments in nature conservation. This groundbreaking initiative demonstrates Portugal's commitment to environmental protection and sustainable development. The debt-for-nature swap is a creative approach that allows countries to address their debt burdens while simultaneously investing in conservation efforts. By redirecting debt repayments towards nature investments, Portugal and Cape Verde are promoting biodiversity preservation and supporting local communities. This partnership serves as a positive example for other nations to follow, showcasing the potential for economic and environmental collaboration.
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