Unpacking Ecuador’s pioneering debt-for-nature swap

Joan Prats, lead financial specialist at the Inter-American Development Bank, joins Burhan Khadbai, head of content at OMFIF’s Sovereign Debt Institute, to examine Ecuador’s recent debt-for-nature swap. They cover the highlights of the transaction, including the new credit enhancement structure and record size, the important role the IADB played in the deal and the challenges this product faces.