02/07/2025  Spain and World Bank in push for wider use of 'debt swaps'

International


​Spain has partnered with the World Bank to help poorer countries free up money to spend on development and conservation via debt "swaps," the country's Ministry of Economy said on Tuesday.

With rich governments cutting official development aid and many countries struggling with their debts, nations are trying to find creative ways to fund projects ranging from protecting coral reefs to paying for schools.​​​

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