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A tropical island nation is promising to save thousands of turtles and dolphins in exchange for $21 million off its national debt
The Seychelles is stepping up its efforts to protect dolphins, turtles and other rare marine creatures in exchange for $21 million of their national debt being paid off. The island nation, located off east Africa, plans to create two huge marine parks totalling 81,000 square miles in exchange for the pay-off, which was covered by US charity The Nature Conservancy. This debt-for-conservation agreement, signed on Wednesday, is the first of its kind, according to The Guardian. The Seychelles' sovereign debt currently stands at just under $500 million (£358 million), the Associated Press reported. This deal has ... (full story)
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