A Tale of Two Swaps

Belize reaped far greater debt relief and conservation benefits from its 2021 private sector deal compared with an earlier agreement.

Source: “Agreement Between the Government of the United States of America and the Government of Belize Regarding a Debt-for-Nature Swap to Prepay and Cancel Certain Debt Owed by the Government of Belize to the Government of the United States of America and Its Agencies,” August 2, 2001. Case Study: Belize Blue Bonds for Ocean Conservation (The Nature Conservancy, May 2022)Get the dataDownload image