Ecuador has closed the largest debt conversion by nature ever made. The savings generated, 323 million dollars for conservation, and the capitalization of part of them will allow to allocate 450 million dollars (about 410 million euros) to the archipelago and its surroundings.
The Galapagos Life Fund (GLF) will be endowed, a fund that will finance conservation activities for the next 18 and a half years. Ecuador is one of the six most biodiverse countries located in Latin America and the Caribbean.