Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Actors / Development bank · Multilateral

Inter-American Development Bank

Appears in 11 cases in this database. Roles as given in the documented record.

CaseRoleCountryPeriodInstrument
Galápagos debt-for-nature swapGuarantor ($85m)Ecuador2023–2041Debt-for-nature swap
Mareña Renovables wind farm (Mexico)Lender to Eólica del SurMexico2014–2018Wind, hydro and other renewables
El Salvador debt-for-nature swapOfficial quoted on the size of the first five swapsEl Salvador2024–2025Debt-for-nature swap
Chico Mendes murder (Brazil)Financier of the BR-364 highway, which Mendes lobbied against in 1987Brazil1988–2024Killings and repression of defenders
Bahamas debt-for-nature swapProvider of a partial guaranteeBahamas2024Debt-for-nature swap
NYSE natural asset company proposal withdrawnFounding investor in IEGUnited States2021–2024Lobbying, PR and greenwashing
Barbados debt-for-nature swapGuarantor (US$100m)Barbados2022Debt-for-nature swap
Hidroituango dam and the Ríos Vivos defenders (Colombia)Development bank; provided US$550m in 2016Colombia2016–2022Wind, hydro and other renewables
Panama moves 1,351 people off Gardi Sugdub island to the mainlandSupported the relocation from 2018 to 2023Panama2008–2024Wind, hydro and other renewables
Galápagos debt-for-nature swap used US$656 million of US political risk insuranceGuarantor (US$85 million)Ecuador2023Insurance, liability and compensation funds
Isthmus of Tehuantepec wind farms, including Mareña, faced local oppositionLender to Eólica del SurMexico2012–2022Wind, hydro and other renewables

Bonds and banking

Guarantee
A commitment by a third party, often a development bank, to pay if the borrower does not.

Carbon and conservation finance

Debt-for-nature swap
A deal in which a government's debt is bought back or refinanced at a discount, and part of the savings is committed to conservation.