Credit Suisse-Ecuador Deal for Galapagos Conservation
Facts for Prelims (FFP) Source: IE Context: Credit Suisse has announced buying Ecuadorian bonds worth $1.6 billion (€1.45 billion) in a debt-for-nature swap that cost the Swiss bank just $644 million. Purpose: Ecuador has committed to spending (for 20 years) on the protection of one of the world’s most precious ecosystems – The Galapagos …
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