$35 million debt-for-nature deal aims to protect Indonesia’s coral reefs
A $35 million debt-for-nature swap between Indonesia and the U.S. aims to conserve coral reefs in eastern Indonesia over the next nine years, with the funding offset by canceled sovereign debt payable to the U.S. Indonesian conservation groups and their international partners will implement ground programs to protect reefs in key areas, strengthen marine protected areas and support community livelihoods under the deal.
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