have followed as lower-income countries look to raise funds to help tackle climate change and biodiversity loss.Washington-based Conservation International and the private Frank Weeden Foundation bought $650,000 of Bolivia's foreign-held debt in return for a government promise to set aside millions of acres in the Amazon Basin for conservation.
In this deal, U.S.-based charity The Nature Conservancy , offered to buy nearly $22 million of the island nation's $406 million debt. Part of the deal was underwritten by Credit Suisse, while the United States International Development Finance Corporation insured the loan. Belize said the deal reduced its debt level by the equivalent of more than 10% of economic output.for a loan allowing Barbados to buy back debt. The savings were channelled into a conservation fund with an estimated value of $50 million.
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