The Bahamas has announced a significant step in environmental and economic initiatives by refinancing $300 million of its external debt. On November 22, 2024, the government revealed that over $120 million from this agreement would be allocated to marine conservation projects and climate change mitigation. This effort is part of a global debt-for-nature swap, the fifth agreement of its kind worldwide. Partnering with organizations such as The Nature Conservancy and the Inter-American Development Bank, the funds will protect marine ecosystems over the next 15 years, generating an estimated $124 million for conservation projects. These actions highlight the importance of addressing environmental challenges while managing financial priorities. This innovative agreement includes commitments from private investors and insurers. Builders Vision provided a co-guarantee, while AXA XL offered credit insurance to enhance financial security. The funding will restore ecosystems like mangroves and seagrass, which absorb carbon dioxide and combat global warming. Additionally, the program will protect the spiny lobster trade, a vital industry contributing over $100 million annually to the economy. These measures demonstrate how economic strategies can address climate concerns while promoting sustainable growth.