- The Seychelles is building two gigantic marine conservation areas to help save turtles, dolphins, and other sea animals.
- It has done so in exchange for a large chunk of its national debt being paid off.
- The deal is the first debt swap agreement of its kind.
The Seychelles is stepping up its efforts to protect dolphins, turtles and other rare marine creatures in exchange for $US21 million of their national debt being paid off.
The island nation, located off east Africa, plans to create two huge marine parks totalling 81,000 square miles in exchange for the pay-off, which was covered by US charity The Nature Conservancy.
This debt-for-conservation agreement, signed on Wednesday…
Read the full article at: http://www.businessinsider.com/seychelles-protecting-marine-life-in-deal-to-pay-off-national-debt-2018-2
