Reuters exclusively reported that Ecuador is scoping out new debt-for-nature swaps, one to funnel funds into the Amazon rainforest and another for a giant ocean protection zone backed by Hollywood star Leonardo DiCaprio.
Energy
Ecuador examining new Amazon and Ocean linked debt-for-nature swaps
24 April 2024, 4:31 am 1 minute
Market Impact
PDVSA since last year had been slowly moving oil sales to USDT, a digital currency also known as Tether whose value is pegged to the U.S. dollar and designed to maintain a stable value. The return of oil sanctions is speeding up the shift.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Business & FinanceClimate Change
Regions: Americas
Countries: Ecuador
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
