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25 May 2023
Ecuador completes world’s largest debt for nature swap.
The government of Ecuador has completed the world’s largest debt for nature swap with the support of the InterAmerican Development Bank (IDB) and the U.S. Development Finance Corporation (DFC). The IDB provided a $ 85 million guarantee, while the DFC provided a $ 656 million political risk insurance to purchase the country’s existing debt at better financial terms...
4 Mar 2021 CUENCA, Ecuador
Ecuador City Votes To Ban Large-Scale Mining Projects
In the midst of February's presidential elections in Ecuador, residents of the country’s third-largest city, Cuenca, voted to ban future mining projects in five water systems.In a 7 February plebiscite, voters turned out to protect the region’s clean water resources. The area in which the ban covers is home to more than 580,000 residents and spans over 3,100 square kilometres of land...
21 Jan 2021 LIMA, Peru
Peru May Revoke Canadian Company’s Mining, Water Rights
Peru’s Ministry of Energy and Mines is currently working on a report to overrule Supreme Decrees which allowed Nuevo Arcoiris S.A.C, the Peruvian subsidiary of Canadian Tesoro Mineral Corpto acquire and hold mineral and other related exploration rights.The Supreme Decrees not only grant the company mineral rights but also several other related rights, including water rights...