Ecuador

Ecuador looks to make environmental virtue pay; La Prensa Latina Media

Photo: La Prensa Latina

The Ecuadorian government is exploring the possibility of persuading international creditors to reduce the country’s $45 billion external sovereign debt in exchange for Quito’s commitment to additional environmental protection measures in the Galapagos Islands. The plan, announced by President Guillermo Lasso during the just-concluded United Nations COP-26 climate summit in Glasgow, envisions expanding the Galapagos maritime preserve from 133,000 sq km (51,352 sq mi) to retire $1.1 billion in debt.

Source: Ecuador looks to make environmental virtue pay – La Prensa Latina Media

Categories: Ecuador

Tagged as:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.