Gabon : $500 million blue bond to swap debt for nature

Gabon refinancing $500 million of its debt and earmarking $163 million in savings for marine conservation.

The central African nation, home to the world’s largest population of leatherback turtles, will spend the money over the next 15 years identifying new marine conservation sites, strengthening the management of existing ones and clamping down on overfishing. It will also fund an endowment that will continue to finance marine-conservation projects.

Source: Africa News Agency