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View all search resultsDebt-for-nature deals, where government borrowers swap loans for cheaper debt underpinned by credit guarantees from multilateral lenders and commit some of the savings to environmental conservation, are rare but growing.
Now Indonesia chooses soft power diplomacy, using its role as the de-facto leader of ASEAN to push the admission of Timor-Leste into the regional grouping to ensure that all nations in Southeast Asia join the bloc.
Before welcoming the island leaders, gathered under the umbrella of the 18-nation Pacific Islands Forum (PIF), Biden announced US diplomatic recognition of two more Pacific islands nations, the Cook Islands and Niue.
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