The African Development Bank Group is in discussions to back a new debt-for-nature swap, marking its entry into a fast-growing corner of the sustainable debt market.
“We’re looking at one transaction [and] still discussing the parameters,” said Hassatou Diop N’Sele, vice president for finance and chief financial officer at the AfDB, in an interview. She declined to identify the country initiating the deal through which it would refinance its debt in exchange for allocating some of the savings to green projects.
Read More : African Development Bank Makes Inroads in Debt-for-Nature Swaps Market