Скачать или смотреть EN - The controversies of Debt-for-Nature Swaps

In November 2021, The Nature Conservancy finalized with Belize the first debt swap involving commercial debt. In this deal, TNC, in partnership with Credit Suisse, financed the purchase of $533 million worth of debt.

The implications of TNC's new “debt-for-ocean swaps” go well beyond the oceans. TNC’s work is proving inspirational to numerous other organisations that see similar debt swaps as providing the solution to the climate crisis.

However, debt swaps are easily misunderstood and their benefits in lowering debt for developing countries and saving nature are exaggerated. There is a lack of transparency in these transactions and the power and profit they provide organisations such as TNC in the governance of maritime sectors in developing countries is worrying.

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