Raja Ampat debt-for-nature swap

[Troporobo]

I've just come across this, though it has apparently been in the works for a while.  A most welcome bit of good news!  From the report:

 

"The government of Indonesia announced this week a deal to redirect more than US$ 35 million it owes to the United States into the conservation of coral reefs in the most biodiverse ocean area on Earth. The “debt-for-nature” swap will fund coral restoration in two key areas of the Pacific Ocean’s Coral Triangle — the Bird’s Head and Lesser Sunda-Banda seascapes, which encompass three-quarters of the world’s coral species and more than 3,000 types of fish, turtles, sharks, whales and dolphins . . . "

 

Raja Ampat debt-for-nature swap

[Kraken de Mabini]

Good news! Thank you for posting.