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El Salvador commits savings from creative debt refinancing to river conservation

Summary by KVIA
Associated Press SAN SALVADOR, El Salvador (AP) — One of Central America’s longest rivers will be the primary beneficiary of El Salvador’s deal to refinance $1 billion of debt with support from the United States government, in the latest example of a resurgence in what are known as debt-for-nature swaps. In the deal announced by both governments this week, El Salvador committed the $350 million it will save to conservation projects benefitting t…
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