At least five African nations are collaborating on what could become the world’s first joint “debt-for-nature” swap, aiming to raise over $2 billion to protect a coral-rich region of the Indian Ocean. Five African nations are considering a joint ‘debt-for-nature’ swap to raise over $2 billion for protecting the Indian Ocean’s coral-rich region.Gabon was the first African nation to launch a debt-for-nature swap, securing up to $450 million in 2023.The initiative, supported by the U.S. and British governments, aims to protect and restore 2 million hectares of ocean ecosystems benefiting 70 milli…