$35 million debt-for-nature deal aims to protect Indonesia’s coral reefs
A $35 million debt-for-nature swap between the U.S. and Indonesia will channel money that would have gone toward sovereign debt payments into coral reef protection over the next nine years. It’s the first agreement of its kind focused specifically on coral, and it targets nearly two million acres of reef across the Coral Triangle — the most biodiverse marine region on Earth, holding close to two-thirds of all known coral species. Indonesian nonprofits and local communities will guide the work, with a grant committee including civil society voices. As warming oceans threaten reefs worldwide, deals like this offer a model for tying debt relief to the ecosystems millions of people depend on.









