Ecuador, Seychelles, Sri Lanka: New deals that take national debt to give to conservation
In the 1990s, the Irish singer Bob Geldoff and friends campaigned to “give up the debt,” in an effort to ease the economic struggles of developing countries. A decade later, 122 billion euros of debt has been canceled for 36 countries by G7 finance ministers. Fast forward to 2022, another kind of debt cancellation is …