Cabo Verde – Portugal: How effective is the debt-for-nature deal?

February 21, 2023

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Deals like the debt-for-nature have been described by experts as an indirect attempt to solve the dilemma faced by global leaders on how and who should pay (financially) for actions taken to alleviate the impact of climate change.

“The debt-for-nature deal is linked to climate pledges since money is tied to the deal — and more deals could also reduce the debt burden of African countries. Although it is a $12m deal compared to the [over] $400m debt of Cabo Verde, [which means] it does not completely solve the debt issue, [..] it is still a positive development,” Paul Samson, …

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