Ecuador’s debt-for-nature swap has been named the “Financing Innovation of the Year” by Latin Finance, in recognition of the country’s efforts to protect the Galápagos Islands. The landmark transaction involved the exchange of $1.628bn of Ecuador’s sovereign debt for $656m in new debt, enabling the country to redirect $323m towards sustainability commitments aimed at enhancing the conservation of the islands. The deal is praised by Latin Finance for establishing a new international standard and structure for similar operations in the future. Dentons advised the Ministry of Economy and Finance of the Republic of Ecuador on the swap.
Ecuador debt-for-nature swap wins Latin Finance’s “Innovation of the Year”.
![](https://paymentspeek.com/wp-content/uploads/2024/01/paymentspeek-images-18.webp)
Latest from News
![](https://paymentspeek.com/wp-content/uploads/2024/01/paymentspeek-images-7-720x480.png)
Fintech booming with $350 billion growth in sector.
TLDR: The fintech sector has grown substantially, amassing over $350 billion in venture capital from 2019 to 2023. Start-ups are capitalizing on digital finance
![](https://paymentspeek.com/wp-content/uploads/2024/01/paymentspeek-images-44-720x480.png)
Catch the latest fintech news in a quick weekly rundown.
TLDR: Bankjoy and nCino announce new partnerships in the fintech industry Significant funding and collaboration news in payments, lending, open banking, wealth management, and
![](https://paymentspeek.com/wp-content/uploads/2024/01/paymentspeek-images-26-720x480.webp)
Ameetee secures $1M funding for fintech startup.
TLDR: Ameetee, a fintech startup, has raised $1 million in seed funding to launch a B2B platform for securitizing shares in private companies. The
![](https://paymentspeek.com/wp-content/uploads/2024/01/paymentspeek-images-38-720x480.png)
MTN Boosts Fintech in Africa, the Largest Wireless Carrier.
Article Summary TLDR: MTN Group Ltd. increased fintech transaction volumes by a third last year. MTN now has 72.5 million active users of its
![](https://paymentspeek.com/wp-content/uploads/2024/01/paymentspeek-images-10-720x480.webp)
Top fintechs prioritize this function equal to innovators and engineers.
TLDR: Key Points: Fintech success is a combination of innovation, engineering, and compliance. Compliance officers are crucial for the long-term success of fintech companies.