Current Affairs · International Agreements
Consider the following statements regarding Debt-For-Development Swaps: 1. Debt-For-Development Swaps are agreements where a government restructures its sovereign debt by committing to invest in specific development goals such as climate action, education, or conservation. 2. The world's first and largest debt swap to conserve oceans was signed by Ecuador in 2023. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 22 only
- 3Both 1 and 2✓
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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