Nature: Belize Converts Debt To Protect 30% Of Its Coral Atolls, Barrier Reef

The Belize Barrier Reef System features three of four coral atolls in the Atlantic, lush mangrove forests, numerous offshore islands, and one of the most extensive seagrass areas in the Caribbean. It hosts 77 species listed as threatened by the IUCN, including a sizeable population of West Indian Manatees.

Now, Belize has reaffirmed its environmental leadership by becoming the first country in the Americas to finalize a debt conversion for ocean conservation—and one that represents an impact investment for marine protection that’s unprecedented in scale. This commitment will enable Belize to restructure approximately US$550 million of external commercial debt—an amount that represents 30 percent of the country’s GDP—and reduce the national debt by 12 percent.

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