‘Amazonia’ bonds in 2024 seen a tough sell for some

A political push to raise the first-ever "Amazonia Bond" has ramped up during talks to agree a "roadmap", yet the chance of a deal this year faces technical hurdles and scepticism among some of those tasked with managing the debt, sources told Reuters. Brazil, Colombia, and Ecuador are among a group of nations in talks with development banks to launch a specially supported framework to raise billions of dollars of low-cost funding to protect the world's biggest rainforest. Proposed by the Inter-American Development Bank and World Bank last year, Reuters is for the first time reporting the progress being made, the bond structures and timings being discussed, but also some of the push-back from officials in two of the region's biggest countries.