Which of the following country signed the world’s first and largest debt swap to conserve oceans? |ForumIAS

Q. Which of the following country signed the world’s first and largest debt swap to conserve oceans?

[A] Peru

[B] Argentina

[C] Ecuador

[D] Gabon

Answer: C

Notes:

Explanation: In May 2023, the world’s first and largest debt swap to conserve oceans was signed by Ecuador, which had exchanged $1.6 billion denominated bonds for a new $656 million loan.

Source: FORUMIAS

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Q. Which of the following country signed the world’s first and largest debt swap to conserve oceans?<img width="2176" height="2235" alt="Red Book" class="img-responsive d-md-none d-sm-block" src="https://forumias.com/blog/wp-content/uploads/2024/06/Red-book-Web-Page.jpg">

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Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS

Q. Which of the following country signed the world’s first and largest debt swap to conserve oceans?