Ecuador's Innovative Debt Swap Aims to Eradicate Over $1.5 Billion in Bonds

Ecuador is on the verge of completing a remarkable financial maneuver designed to alleviate its debt burden while simultaneously addressing pressing environmental concerns. The country has devised a debt swap program that is set to cancel an estimated $1.5 billion in government bonds. This strategic move has garnered attention not only for its economic implications but also for its commitment to protecting the Amazon rainforest, a critical global ecological resource.

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