The Bahamas to refinance debt to protect its waters

Get the Full StoryIt is the fifth such debt-for-nature swap in the world, with the Bahamian government signing the deal with The Nature Conservancy, the Inter-American Development Bank and other financial partners.

The Bahamas announced Friday that it will refinance 300 million of its external debt to free up more than 120 million for marine conservation projects and climate change mitigation.

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