How the Bahamas National Trust Protects More Than Just Nature
In 2024, the Bahamas National Trust (BNT) helped engineer a financial instrument that, on paper, looks like a routine debt restructuring. In practice, it unlocks an estimated USD 124 million for marine conservation over 15 years — the largest single conservation funding programme in the country’s history — without adding a dollar to the national debt. The debt conversion project repurchased USD 300 million of commercial debt, backed by credit enhancements from the Inter-American Development Bank, Builders Vision, and AXA XL, and replaced it with a loan from Standard Chartered. The savings flow directly into managing marine protected areas,