Malawi President apologises to citizens for persistent fuel crisis
Seychelles to wipe debt with historic conservation deal
8:47 CAT | 22 Feb 2018
AFP
The Seychelles is to create a vast new marine reserve in return for a large amount of its national debt being written off.
It is said to be the first scheme of its kind.
Under it, $21m (£15m) of government debt will be swapped for conservation funding to protect both the sea and the archipelago’s economy, which relies on fishing and tourism.
The Hollywood actor, Leonardo DiCaprio, whose foundation partly funded the deal, said it would serve as a model for future conservation projects around the world.
Source: BBC
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