Ecuador Seeks Funds To Confront El Niño

The video discusses Ecuador's innovative debt for conservation swap, which converted $1.6 billion in debt into conservation efforts, particularly for the Galapagos Islands. It highlights Ecuador's biodiversity and the complexity of structuring such deals. The video also covers future plans, challenges, and the importance of fighting climate change, including measures to mitigate the impact of El Nino. Ecuador's financial strategies, including discussions with the World Bank, are also explored.

What was the financial outcome for Ecuador from the debt for conservation swap?

• A loss of $600 million

• A break-even situation

• A profit of $1 billion

• A debt increase of $1.6 billion

Why is Ecuador considered one of the most biodiverse countries?

• It is a leading exporter of oil

• It has a large population

• It is one of the 17 most mega diverse countries

• It has a strong economy

What makes the debt swap related to the Galapagos Marine Reserve historic?

• It was the first debt swap in the 21st century

• It was the first debt swap of $1.6 billion

• It was the largest debt swap in South America

• It was the first debt swap involving the World Bank

What is Ecuador's approach to managing the impact of the El Nino phenomenon?

• Seeking multilateral support

• Relying on internal resources only

• Issuing more external debt

• Ignoring the phenomenon

Which institution is the largest multilateral supporter for Ecuador in managing El Nino risks?

• International Monetary Fund

• European Union

• World Bank

• United Nations