Indonesia and US Announce Groundbreaking $47 Million Coral Reef Debt Swap Agreement
Tuesday, 9 July 2024, 04:30
Indonesia and US Seal $47m Coral Reef Debt Swap
The recent agreement between Indonesia and the United States represents the fourth 'debt-for-nature' swap initiated since 2009. The focus of this ground-breaking deal is to protect and conserve vital coral reefs.
Key Highlights:
- Financial Exchange: $47 million debt swapped for conservation efforts
- Collaborative Efforts: Indonesia and US join hands for marine preservation
- Environmental Commitment: Strategy towards sustainability and biodiversity conservation
This innovative agreement underlines a shared dedication to safeguarding marine ecosystems and promoting environmental stewardship.
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.