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August 21, 2023

Gabon

Recently, Gabon announced a $500 million debt-for-nature swap.

Gabon Borders: Cameroon, Equatorial Guinea, Republic of Congo and the South Atlantic Ocean.

About Debt for Nature Swap

It allows heavily indebted developing countries to seek help from financial institutions in the developed world with paying off their debt if they agree to spend on conservation of natural resources.
Gabon’s debt has been restructured under a Blue Bond in the world’s second largest debt for nature swap.
World’s largest debt swap to conserve oceans was signed by Ecuador.

21.4

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