The Nature Conservancy (TNC) has developed these Practice Standards to guide stakeholders in designing and implementing Debt Conversion Projects. 

Debt Conversion Projects aim to restructure, and in some cases fully refinance, a country’s commercial debt in order to generate sustainable funding for conservation and climate resilience.
These projects are typically led by governments in partnership with stakeholders as well as local and international NGOs, development banks, and financial institutions. 

The Practice Standards are intended to support efforts to meet global commitments, including the Global Biodiversity Framework (GBF), the Paris Agreement, and the Sustainable Development Goals (SDGs), by providing a consistent framework for project development. They also serve as a basis for greater harmonization when multiple actors collaborate on the design and implementation of such initiatives.

Practice Standards for Debt Conversion Projects for Nature, Resilience, and People

The Nature Conservancy (TNC)