Today, The Government of The Bahamas, The Nature Conservancy (TNC), the Inter-American Development Bank (IDB), and several financial partners launched a Nature Bonds project that will refinance USD 300 million of The Bahamas’ external commercial debt to help the country improve ocean conservation and management of its Marine Protected Areas (MPAs) to benefit biodiversity and people, and lessen the effects of climate change.
The Bahamas debt conversion project is a project of firsts. It is the first time that a private investor, Builders Vision (an impact platform founded by Lukas Walton), is providing a co-guarantee alongside a multilateral development bank (MDB). Also, it’s the first time a private insurer,…
