Indonesia and US Seal $35 Million Coral Reef Debt Swap Agreement
Monday, 8 July 2024, 21:48
Indonesia and US Seal $35 Million Coral Reef Debt Swap Agreement
Summary:
- U.S. forgives $35 million of Indonesian debt over nine years
- Demonstrates commitment to environmental conservation and sustainable development
- Indonesian debt relief paves the way for coral reef restoration and preservation initiatives
This agreement signifies a significant step towards environmental protection and international cooperation in debt management and conservation efforts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.