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Ecuador analyzes debt swap to create new Galapagos reserve

RIO DE JANEIRO, BRAZIL - Ecuador is analyzing an environmental debt swap to create a new reserve around the Galapagos archipelago to expand fishing quotas through negotiation between all parties involved, said Gustavo Manrique, Minister of Environment, Water and Ecological Transition.

"Without a doubt, we are considering evaluating a debt swap for the creation of a new reserve," said the head of the environmental portfolio, acknowledging that "there is indeed a proposal for a very significant amount."

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