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Reuters
Reuters
Business
By Clare Baldwin, Marc Jones and Simon Jessop

Bankers bet billions on new wave of debt-for-nature deals

FILE PHOTO: A hammerhead shark swims close to Wolf Island at Galapagos Marine Reserve August 19, 2013. Picture taken August 19, 2013. REUTERS/Jorge Silva

The Galapagos Islands, whose thousands of unique species inspired Darwin's theory of evolution, have incalculable ecological value. But what are they worth?

Perhaps around $800 million, judging by the size of a "debt-for-nature" swap deal that could see Ecuador's debts cut in exchange for protecting its offshore territory's fragile ecosystem, according to people with knowledge of the talks.

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