Madagascar and France on Wednesday signed an agreement allocating 20 million dollars (13 million euros) to preserve Madagascar’s rich biodiversity. “This initiative is an excellent example of innovative financing for sustainable development,” said the World Wildlife Fund, which will manage the fund.
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France Cancels $20 Million in Debt for Conservation in Madagascar
Well done, France. My hope is that other governments will follow France’s example and help other debt ridden developing countries to advance.