DFC Announces $1 Billion in Political Risk Insurance for Ecuador’s First Debt Conversion to Support Terrestrial and Freshwater Conservation in the Amazon | DFC

Ecuador, with support from the U.S. International Development Finance Corporation, Inter-American Development Bank, The Nature Conservancy, and Bank of America, announced a debt conversion with $1 billion in political risk insurance. This conversion refinanced $1.53 billion of Ecuador’s bonds, generating $800 million in savings and $460 million for the Amazon Biocorridor Program to conserve the Ecuadorian Amazon.